Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

(5) Earnings Per Share

Options to purchase approximately 1,590,000 shares of common stock that were outstanding as of March 31, 2021 were included in the computation of earnings per share for the three months ended March 31, 2021.  Options to purchase approximately 1,000 shares of common stock that were outstanding as of March 31, 2020 were not included in the computation of earnings per share for three months ended March 31, 2020, as the impact of such shares are anti-dilutive.

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:

	Three Months Ended March 31,
	2021		2020
Numerator: (in Thousands)
Net income (loss)	$	358	$	(167	)
Denominator:
Weighted average number of basic common shares outstanding		38,221,292		38,136,792
Weighted average additional shares assuming conversion of in-the-money stock options to common shares		1,590,000		—
Weighted average number of diluted common shares outstanding		39,811,292		38,136,792
Basic earnings per common share:
Net income (loss) per share – basic	$	0.01	$	(0.00	)
Diluted earnings per common share:
Net income (loss) per share – diluted	$	0.01	$	(0.00	)