Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings Per Common Share

v3.19.2
Note 9 - Earnings Per Common Share
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
9
.
Earnings per common share
 
The following table details the weighted average number of shares of common stock outstanding for the purposes of computing basic and diluted earnings per common share for the following periods:
 
   
Three months ended
   
Six months ended
 
   
June 30
,
201
9
   
July
1
,
201
8
   
June 30
,
201
9
   
July
1
,
201
8
 
Basic weighted average shares outstanding
   
23,557,944
     
17,222,439
     
23,403,431
     
17,131,971
 
Dilutive stock awards
(1) (a) (b)
   
     
     
     
 
Diluted weighted average shares outstanding
   
23,557,944
     
17,222,439
     
23,403,431
     
17,131,971
 
 
(
1
)
Dilutive stock awards include outstanding restricted stock units, warrants and in the money stock options determined using the treasury stock method
 
 
(a)   For the
three
and
six
months ended
June 30, 2019,
as a result of net loss for the period, dilutive stock awards are
not
presented as this would be antidilutive. Had there been net income for the periods, the dilutive stock awards would have been calculated as
1,251,626
for the
three
and
six
months ended
June 30, 2019
related to outstanding unvested restricted stock units and incremental in-the-money stock options.
     
     
     
(b)
 
For the
three
and
six
months ended
July 
1,
2018,
as a result of net loss for the period, dilutive stock awards are
not
presented as this would be antidilutive. Had there been net income for the periods, the dilutive stock awards would have been calculated as
644,503
and
663,816,
respectively for the
three
and
six
months ended
July 1, 2018
related to outstanding unvested restricted stock units and incremental in-the-money stock options.