Net Income Per Share

3 Months Ended

Mar. 31, 2020

NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share has been computed by dividing net income (loss) by the basic number of weighted average shares outstanding. Diluted net income (loss) per share has been computed by dividing net income (loss) by the diluted number of weighted average shares outstanding using the treasury stock method. The share effect is as follows:



	For the Three Months Ended March 31,
	2020	2019
Weighted average shares outstanding:
Common shares	17,883,535	18,669,719
Vested restricted stock units	301,930	285,472
Basic number of weighted average shares outstanding	18,185,465	18,955,191
Dilutive effect of restricted stock and restricted stock units	—	49,307
Dilutive number of weighted average shares outstanding	18,185,465	19,004,498

For the three months ended March 31, 2020 and 2019, there were 73,655 and 5,296 shares of restricted stock and restricted stock units that were not included in the computation of diluted net income (loss) per share because their inclusion would have been anti-dilutive.