Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

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EARNINGS (LOSS) PER SHARE
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

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 1,171,250 and 696,250 at March 31, 2022 and 2021, respectively, consisted of options and restricted stock units.

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

               
   

Three Months Ended
March 31,

 
   

2022

   

2021

 
Weighted-average common shares outstanding – basic     23,909,115       24,107,879  
Dilutive effect of options and restricted stock units           508,505  
Weighted-average common shares outstanding – diluted     23,909,115       24,616,379  
Options and restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive     1,171,250