Note 3 - Net Income (Loss) Per Common Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

3.     NET INCOME (LOSS) PER COMMON SHARE

The following table illustrates the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data):

	Year Ended December 31,
	2020						2019
	Income		Shares		Per Share		Loss			Shares		Per Share
Basic net income (loss) per common share:
Net income (loss) available to common stockholders	$	843		10,630	$	0.08	$	(5,611	)		10,871	$	(0.52	)
Effect of dilutive securities:
Non-vested restricted stock		—		794				—			—
Diluted net income (loss) per common share:
Net income (loss) available to common stockholders plus assumed conversions	$	843		11,424	$	0.07	$	(5,611	)		10,871	$	(0.52	)

In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As such, non-vested restricted stock totaling 459,654 shares were not included for the year ended  December 31, 2019.