Net (loss) Income Per Common Share (Tables)

9 Months Ended

Sep. 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					Nine months ended
	September 30,					September 30,
(dollars in thousands, except per share amounts)	2020			2019		2020			2019
Numerator:
Net (loss) income	$	(7,000	)	$	767	$	(11,742	)	$	4,075
Denominator:
Weighted average number of shares of common stock outstanding		8,829,732			8,787,837		8,813,880			8,780,590
Weighted average effect of dilutive share-based compensation		-			91,604		-			89,650
Diluted weighted average number of shares of common stock outstanding		8,829,732			8,879,441		8,813,880			8,870,240
Net (loss) income per common share:
Net (loss) income per common share - Basic	$	(0.79	)	$	0.09	$	(1.33	)	$	0.46
Net (loss) income per common share - Diluted	$	(0.79	)	$	0.09	$	(1.33	)	$	0.46