Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2022

NOTE E – EARNINGS (LOSS) PER SHARE

Basic income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of options and restricted stock units. Potentially dilutive shares of 1,148,750 and 548,750 at September 30, 2022 and 2021, respectively, consisted of options and restricted stock units.

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

Schedule of Earnings per share
	Nine Months Ended September 30,				Three Months Ended September 30,
	2022		2021		2022		2021
Weighted-average common shares outstanding – basic		23,830,702		24,136,506		23,765,089		23,934,361
Dilutive effect of options and restricted stock units		—		470,736		300,635		385,870
Weighted-average common shares outstanding – diluted		23,830,702		24,607,242		24,065,724		24,320,231
Options and restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		1,148,750		—		—		—