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NET INCOME PER COMMON SHARE

12 Months Ended

Dec. 31, 2020

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

NOTE 5—NET INCOME PER COMMON SHARE

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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.  

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

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​	​	​	​	​	​
​	Years Ended December 31,
​	2020			2019
Basic:	​	​	​	​	​
Net income	$	2,755	​	$	3,341
Weighted average common shares		47,717	​		46,917
Earnings per share	$	0.06	​	$	0.07
Diluted:	​	​	​	​	​
Net income	$	2,755	​	$	3,341
​	​	​	​	​	​
Basic weighted average common shares		47,717	​		46,917
Potential common shares		2,255	​		703
Diluted weighted average common shares		49,972	​		47,620
Diluted earnings per share	$	0.06	​	$	0.07

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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