Annual report pursuant to Section 13 and 15(d)

(Loss)/Earnings Per Share

v3.19.3.a.u2
(Loss)/Earnings Per Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
(Loss)/Earnings Per Share
(Loss)/Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
 (in thousands, except per share data)
2019
 
2018
 
2017
Numerator:
 
 
 
 
 
Net (loss) income
$
(3,036
)
 
$
13,097

 
$
1,341

Denominator:
 

 
 

 
 

Denominator for basic earnings per share - weighted average shares
8,983

 
8,806

 
8,705

Effect of dilutive securities:
 

 
 

 
 

Employee stock options and stock grants
—

 
72

 
23

Denominator for diluted earnings per share - weighted average shares
8,983

 
8,878

 
8,728

 
 
 
 
 
 
Net (loss) earnings per share:
 

 
 

 
 

Basic
$
(0.34
)
 
$
1.49

 
$
0.15

Diluted
$
(0.34
)
 
$
1.48

 
$
0.15

 
 
 
 
 
 

The diluted earnings per share calculations exclude the effect of potentially dilutive shares when the inclusion of those shares in the calculation would have an anti-dilutive effect. The Company had weighted average shares of common stock of 300 in 2019, 600 in 2018 and 86,524 in 2017, which were not included in the diluted earnings per share calculation as their effect was anti-dilutive.