Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Reconciliation of the Weighted Average Number of Common Shares Outstanding

A reconciliation of the weighted average number of common shares outstanding (in thousands) for the years ended December 31 is as follows:

	2020		2019
Common shares outstanding, beginning of the period		12,462		12,408
Weighted average common shares issued		173		34
Weighted average number of common shares outstanding		12,635		12,442
Dilutive effect of common share equivalents		-		-
Diluted weighted average number of common shares outstanding		12,635		12,442

(1)

Stock options and RSUs are excluded for periods presented in which the Company has a net loss because the effects are anti-dilutive.

Common Stock Equivalents Excluded From the Calculation of Earnings Per Share

Common stock equivalents (in thousands) that have been excluded from the calculation of earnings per share as of December 31 because they would have been anti-dilutive are as follows:

	2020				2019
Stock options		261				398