Earnings Per Share

6 Months Ended

Jun. 30, 2020

3. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019

	(In thousands, except per share amounts)
Numerator:
Net earnings (loss)	$	(8,883)	$	1,514	$	(7,721)	$	5,482

Denominator:
Basic weighted average shares outstanding		9,745		9,938		9,763		9,943
Effect of dilutive securities:
Employee share-based awards		—		95		—		87
Diluted weighted average shares outstanding		9,745		10,033		9,763		10,030

Basic earnings (loss) per share	$	(0.91)	$	0.15	$	(0.79)	$	0.55

Diluted earnings (loss) per share	$	(0.91)	$	0.15	$	(0.79)	$	0.55

The three and six months ended June 30, 2020 resulted in a net loss; therefore, there was no difference in the weighted average number of common shares for basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive. Diluted weighted average shares outstanding for the three and six months ended June 30, 2020, excludes anti-dilutive share-based awards totaling approximately 1.2 million shares of common stock at a weighted average price of $26.74. Diluted weighted average shares outstanding for the three months ended June 30, 2019, excludes anti-dilutive share-based awards totaling approximately 346,000 shares of common stock at a weighted average price of $29.49. Diluted weighted average shares outstanding for the six months ended June 30, 2019, excludes anti-dilutive share-based awards totaling approximately 347,000 shares of common stock at a weighted average price of $29.50.