Net (loss) Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Common Share

The following table sets forth the computation of basic and diluted net income per common share:

	Three months ended					Six months ended
	June 30,					June 30,
(dollars in thousands, except per share amounts)	2020			2019		2020			2019
Numerator:
Net (loss) income	$	(3,331	)	$	2,086	$	(4,742	)	$	3,308
Denominator:
Weighted average number of shares of common stock outstanding		8,810,396			8,773,263		8,805,866			8,769,242
Weighted average effect of dilutive share-based compensation		-			74,564		-			90,901
Diluted weighted average number of shares of common stock outstanding		8,810,396			8,847,827		8,805,866			8,860,143
Net (loss) income per common share:
Net (loss) income per common share - Basic	$	(0.38	)	$	0.24	$	(0.54	)	$	0.38
Net (loss) income per common share - Diluted	$	(0.38	)	$	0.24	$	(0.54	)	$	0.37