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LOSS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
LOSS PER COMMON SHARE INCOME (LOSS) PER COMMON SHARE
Basic income (loss) per common share has been computed by dividing net income (loss) by the weighted-average number of shares of the Company’s common stock outstanding. Diluted income (loss) per common share adjusts net income (loss) and basic income (loss) per common share for the effect of all potentially dilutive shares of the Company’s common stock. Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method.
The calculations of basic and diluted income (loss) per common share for the years ended December 31, 2021, 2020 and 2019, are as follows:
202120202019
(in thousands - except per share amounts)
Net income (loss) – Basic and Diluted
$20,801 $(3,007)$(44,415)
Weighted-average shares outstanding – Basic21,397 20,860 20,597 
Effect of dilutive securities:
Stock options and other stock awards640 — — 
Weighted-average shares outstanding – Diluted22,037 20,860 20,597 
Basic income (loss) per common share
$0.97 $(0.14)$(2.16)
Diluted income (loss) per common share
$0.94 $(0.14)$(2.16)
Antidilutive shares (1)
380 2,167 2,120 
(1) Stock options and other stock awards that have been excluded from the denominator as their inclusion would have been anti-dilutive.