Three Months Ended

Six Months Ended

June 30,

2021

2020

2021

2020

(In thousands, except per share data)

Numerator:

Net income (loss)

$

3,253

$

(4,911)

$

4,011

$

(3,231)

Less: Income (loss) allocated to unvested participating securities

35

(104)

43

(68)

Net income (loss) available to common stockholders

$

3,218

$

(4,807)

$

3,968

$

(3,163)

Denominator:

Denominator for basic earnings per share — weighted average shares

5,917

5,868

5,915

5,867

Effect of dilutive securities:

Common stock equivalents

—

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

5,917

5,868

5,915

5,867

Earnings (loss) per share:

Basic

$

0.54

$

(0.82)

$

0.67

$

(0.54)

Diluted

$

0.54

$

(0.82)

$

0.67

$

(0.54)