Annual report pursuant to Section 13 and 15(d)

NET INCOME (LOSS) PER COMMON SHARE

v3.20.4
NET INCOME (LOSS) PER COMMON SHARE
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE NET INCOME (LOSS) PER COMMON SHARE
Year ended December 31,
2020 2019 2018
(thousands of dollars, except per share amounts)
Net Income per Common Share - Continuing Operations
Net income (loss) from continuing operations $ 4,966  $ (12,884) $ (1,728)
Basic income (loss) from continuing operations per common share:
Weighted average shares outstanding 24,802  24,698  24,438 
Per share amount (dollars) $ 0.20  $ (0.52) $ (0.07)
Diluted income (loss) from continuing operations per common share:
Weighted average shares outstanding 25,356  24,698  24,438 
Per share amount (dollars) $ 0.20  $ (0.52) $ (0.07)
Weighted average shares-denominator
  basic computation
24,802  24,698  24,438 
Unvested restricted stock unit grant 554  —  — 
Weighted average shares, as adjusted
  denominator diluted computation
25,356  24,698  24,438 
Net Income per Common Share - Discontinued Operations
Net income (loss) from discontinued operations $ 26,209  $ (2,090) $ (604)
Basic income (loss) from discontinued operations per common share:
Weighted average shares outstanding 24,802  24,698  24,438 
Per share amount (dollars) $ 1.06  $ (0.08) $ (0.02)
Diluted income (loss) from discontinued operations per common share:
Weighted average shares outstanding 25,356  24,698  24,438 
Per share amount (dollars) $ 1.03  $ (0.08) $ (0.02)
Weighted average shares-denominator
  basic computation
24,802  24,698  24,438 
Unvested restricted stock unit grant 554  —  — 
Weighted average shares, as adjusted
  denominator diluted computation
25,356  24,698  24,438 
Net Income per Common Share
Net income (loss) $ 31,175  $ (14,974) $ (2,332)
Basic income (loss) per common share:
Weighted average shares outstanding 24,802  24,698  24,438 
Per share amount (dollars) $ 1.26  $ (0.61) $ (0.10)
Diluted income (loss) per common share:
Weighted average shares outstanding 25,356  24,698  24,438 
Per share amount (dollars) $ 1.23  $ (0.61) $ (0.10)
Weighted average shares-denominator
  basic computation
24,802  24,698  24,438 
Unvested restricted stock unit grant 554  —  — 
Effect of dilutive stock options —  —  — 
Weighted average shares, as adjusted
  denominator diluted computation
25,356  24,698  24,438 
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.