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EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

NOTE E – EARNINGS (LOSS) PER SHARE

Basic income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of options and restricted stock units. Potentially dilutive shares of 1,148,750 and 548,750 at September 30, 2022 and 2021, respectively, consisted of options and restricted stock units.

Computations of basic and diluted weighted average common shares outstanding were as follows:

                    
  

Nine Months Ended
September 30,

  

Three Months Ended
September 30,

 
  

2022

  

2021

  

2022

  

2021

 
Weighted-average common shares outstanding – basic   23,830,702    24,136,506    23,765,089    23,934,361 
Dilutive effect of options and restricted stock units   —    470,736    300,635    385,870 
Weighted-average common shares outstanding – diluted   23,830,702    24,607,242    24,065,724    24,320,231 
Options and restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive   1,148,750    —    —    —