NET INCOME (LOSS) PER COMMON SHARE |
NET INCOME (LOSS) PER COMMON SHARE
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Year ended December 31, |
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2020 |
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2019 |
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2018 |
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(thousands of dollars, except per share amounts) |
Net Income per Common Share - Continuing Operations |
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Net income (loss) from continuing operations |
$ |
4,966 |
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$ |
(12,884) |
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$ |
(1,728) |
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Basic income (loss) from continuing operations per common share: |
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Weighted average shares outstanding |
24,802 |
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24,698 |
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24,438 |
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Per share amount (dollars) |
$ |
0.20 |
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$ |
(0.52) |
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$ |
(0.07) |
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Diluted income (loss) from continuing operations per common share: |
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Weighted average shares outstanding |
25,356 |
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24,698 |
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24,438 |
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Per share amount (dollars) |
$ |
0.20 |
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$ |
(0.52) |
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$ |
(0.07) |
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Weighted average shares-denominator basic computation |
24,802 |
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24,698 |
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24,438 |
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Unvested restricted stock unit grant |
554 |
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— |
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— |
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Weighted average shares, as adjusted denominator diluted computation |
25,356 |
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24,698 |
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24,438 |
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Net Income per Common Share - Discontinued Operations |
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Net income (loss) from discontinued operations |
$ |
26,209 |
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$ |
(2,090) |
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$ |
(604) |
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Basic income (loss) from discontinued operations per common share: |
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Weighted average shares outstanding |
24,802 |
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24,698 |
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24,438 |
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Per share amount (dollars) |
$ |
1.06 |
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$ |
(0.08) |
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$ |
(0.02) |
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Diluted income (loss) from discontinued operations per common share: |
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Weighted average shares outstanding |
25,356 |
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24,698 |
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24,438 |
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Per share amount (dollars) |
$ |
1.03 |
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$ |
(0.08) |
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$ |
(0.02) |
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Weighted average shares-denominator basic computation |
24,802 |
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24,698 |
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24,438 |
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Unvested restricted stock unit grant |
554 |
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— |
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— |
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Weighted average shares, as adjusted denominator diluted computation |
25,356 |
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24,698 |
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24,438 |
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Net Income per Common Share |
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Net income (loss) |
$ |
31,175 |
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$ |
(14,974) |
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$ |
(2,332) |
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Basic income (loss) per common share: |
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Weighted average shares outstanding |
24,802 |
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24,698 |
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24,438 |
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Per share amount (dollars) |
$ |
1.26 |
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$ |
(0.61) |
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$ |
(0.10) |
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Diluted income (loss) per common share: |
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Weighted average shares outstanding |
25,356 |
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24,698 |
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24,438 |
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Per share amount (dollars) |
$ |
1.23 |
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$ |
(0.61) |
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$ |
(0.10) |
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Weighted average shares-denominator basic computation |
24,802 |
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24,698 |
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24,438 |
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Unvested restricted stock unit grant |
554 |
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— |
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— |
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Effect of dilutive stock options |
— |
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— |
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— |
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Weighted average shares, as adjusted denominator diluted computation |
25,356 |
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24,698 |
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24,438 |
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At December 31, 2020, 2019, and 2018, 0.5 million, 0.5 million and 0.7 million potential common stock shares, respectively, were issuable upon the exercise of options and warrants. At December 31, 2020, the Company had 0.5 million stock options that were not included in the computation of diluted earnings per share because such options would be anti-dilutive.
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