EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2020

NOTE 4‑EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method.

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


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(in thousands, except per share data)				(in thousands, except per share data)

Net income (loss)	$	65	$	111	$	60	$	(94)

Weighted average outstanding shares of common stock		6,601		6,564		6,581		6,536
Dilutive potential common shares from stock options and restricted stock units		—		41		17		41
Common stock and common stock equivalents		6,601		6,605		6,598		6,577

Earnings (loss) per share, basic and diluted	$	0.01	$	0.02	$	0.01	$	(0.01)

Shares subject to anti-dilutive stock options and restricted stock-based awards excluded from calculation		2		—		2		—