Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
NOTE E - EARNINGS PER SHARE

Basic earnings (loss) per share is calculated by dividing the net income by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of options, warrants and restricted stock units. Potential shares of 1,132,500 and 2,407,000 at June 30, 2019 and June 30, 2018, respectively, consisted of options and restricted stock units.

 

Computations of basic and diluted weighted average common shares outstanding were as follows:

 

    Six Months Ended
June 30,
    Three Months Ended
June 30,
 
    2019     2018     2019     2018  
Weighted-average common shares outstanding – basic     23,830,367       23,760,163       23,917,563       23,713,827  
Dilutive effect of options, warrants and restricted stock units           1,839,418              
Weighted-average common shares outstanding – diluted     23,830,367       25,599,581       23,917,563       23,713,827  
Options and restricted stock units excluded from the computation of diluted income (loss) per share because the effect of inclusion would have been anti-dilutive     1,132,500             1,132,500       2,407,000