Three Months Ended

Nine Months Ended

September 30,

2020

2019

2020

2019

(In thousands, except per share data)

Numerator:

Net income (loss)

$

(950)

$

3,334

$

(4,181)

$

9,438

Less: Income (loss) allocated to unvested participating securities

(20)

61

(86)

173

Net income (loss) available to common stockholders

$

(930)

$

3,273

$

(4,095)

$

9,265

Denominator:

Denominator for basic earnings (loss) per share — weighted average shares

5,869

5,834

5,867

5,840

Effect of dilutive securities:

Common stock equivalents

—

Denominator for diluted earnings (loss) per share — adjusted weighted-average shares and assumed conversions

5,869

5,834

5,867

5,840

Earnings (loss) per share:

Basic

$

(.16)

$

.56

$

(.70)

$

1.59

Diluted

$

(.16)

$

.56

$

(.70)

$

1.59