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Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2019

Note 9 – Earnings (Loss) Per Share:

Basic net earnings (loss) per share of common stock is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net earnings (loss) per share of common stock is computed by giving effect to all potentially dilutive securities.

The following table includes adjustments between net income and net income attributable to common stockholders for the three months ended September 30, 2019.

	Three Months Ended
	September 30, 2019

Net Income (Loss) Attributable to Common Stockholders		3,067,163

Weighted Average Common Shares Outstanding, Basic		36,079,935
Dilutive Effect of Share-Based Awards:
Service Period Stock Options		1,037,873
Restricted Stock Units		152,661
Performance		19,009
Weighted Average Common Shares Outstanding, Diluted		37,289,478

Basic Earnings per Share	$	0.09
Diluted Earnings per Share	$	0.08

The potentially dilutive securities are as follows:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2018		2019		2018
Service Period Stock Options		1,932,268		1,535,762		2,009,372
Restricted Stock Units		208,402		234,091		197,492
Performance Stock Options		13,283		24,246		13,283
Total		2,153,952		1,794,099		2,220,147

For the nine months ended September 30, 2019 and for the three and nine months ended September 30, 2018, diluted net loss per share of common stock is the same as basic net loss per share of common stock, due to the fact that potentially dilutive securities would have an antidilutive effect as the Company incurred a net loss during such periods.