Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

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

Basic earnings (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, warrants and restricted stock units. Potential shares of 996,250 and 2,021,250 at September 30, 2019 and September 30, 2018, respectively, consisted of options and restricted stock units.

 

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

 

    Nine Months Ended
September 30,
    Three Months Ended
September 30,
 
    2019     2018     2019     2018  
Weighted-average common shares outstanding – basic     23,935,304       23,767,700       24,138,191       23,525,645  
Dilutive effect of options, warrants and restricted stock units           1,690,253             1,396,789  
Weighted-average common shares outstanding – diluted     23,935,304       25,457,953       24,138,191       24,922,434  
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     996,250             996,250