Earnings per Share

12 Months Ended

Dec. 31, 2020

22. Earnings per Share


	Years ended December 31,
Basic	2020		2019
Net income for the year	$	21,553	$	23,796
Weighted average number of shares (000's)		174,993		160,193
Earnings per share - basic	$	0.12	$	0.15


	Years ended December 31,
Diluted	2020		2019
Net income for the year	$	21,553	$	23,796

Weighted average number of shares (000's)		174,993		160,193
Incremental shares from dilutive potential shares		11,080		4,332
Weighted average diluted number of shares (000's)		186,073		164,525
Earnings per share - diluted	$	0.12	$	0.14

As at December 31, 2020, there were 7,551 out of the money options that were excluded from the diluted earnings per share calculation as their effect would have been anti-dilutive (December 31, 2019 – 1,784,029).