Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.21.2
Earnings Per Share
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share ("EPS") is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for an assumed vesting of restricted stock awards. For the three and six months ended June 30, 2021 and 2020, diluted earnings per share does not include an adjustment for the potential dilutive effect of dilutive securities as the effect would have been anti-dilutive due to the Company's net loss. The anitdilutive common stock equivalents excluded from the diluted per share calculation are not material.
Three months ended June 30, Six months ended June 30,
  2021 2020 2021 2020
Basic weighted average common shares outstanding 12,702,366  11,041,235  12,391,166  11,020,720 
Effect of dilutive shares —  —  —  — 
Diluted weighted average common shares outstanding 12,702,366  11,041,235  12,391,166  11,020,720