Earnings per Share

6 Months Ended

Jun. 30, 2020

(11) Earnings Per Share:

Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. The following reconciles amounts reported in the financial statements:


	Six Months Ended June 30,
	2020								2019
	Net Loss (In 000’s)			Weighted Average Number of Shares Outstanding		Per Share Amount			Net Income (In 000’s)		Weighted Average Number of Shares Outstanding		Per Share Amount
Basic	$	(6,436	)		1,994,675	$	(3.23	)	$	2,737		2,031,569	$	1.35
Effect of dilutive securities:
Options (a)		—			—					—		761,169

Diluted	$	(6,436	)		1,994,675	$	(3.23	)	$	2,737		2,792,738	$	0.98

	Three Months Ended June 30,
	2020								2019
	Net Loss (In 000’s)			Weighted Average Number of Shares Outstanding		Per Share Amount			Net Income (In 000’s)		Weighted Average Number of Shares Outstanding		Per Share Amount
Basic	$	(6,266	)		1,994,177	$	(3.14	)	$	5,775		2,026,119	$	2.85
Effect of dilutive securities:
Options (a)		—			—					—		761,583
Diluted	$	(6,266	)		1,994,177	$	(3.14	)	$	5,775		2,787,702	$	2.07

(a)	The effect of the 767,500 outstanding stock option is anti-dilutive for the six and three months ended June 30, 2020, due to net loss for the period.