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NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2020

NOTE 5—NET INCOME PER COMMON SHARE

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company. For the three and six months ended June 30, 2020, 1.2 million and 5.8 million restricted stock units, respectively, have not been considered in the diluted earnings per share calculation, as the effect would be anti-dilutive.

The following tables set forth the computation of basic and diluted earnings per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Basic:
Net income (loss)	$	612	$	414	$	(747)	$	(484)
Weighted average common shares		47,601		46,880		47,458		46,344
Earnings (loss) per share	$	0.01	$	0.01	$	(0.02)	$	(0.01)
Diluted:
Net income (loss)	$	612	$	414	$	(747)	$	(484)

Basic weighted average common shares		47,601		46,880		47,458		46,344
Potential common shares		1,361		521		—		—
Diluted weighted average common shares		48,962		47,401		47,458		46,344
Diluted earnings (loss) per share	$	0.01	$	0.01	$	(0.02)	$	(0.01)