Annual report pursuant to Section 13 and 15(d)

Note 3 - Net Income (Loss) Per Common Share

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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.