Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v3.20.1
EARNINGS PER SHARE INFORMATION
3 Months Ended
Mar. 31, 2020
EARNINGS PER SHARE INFORMATION  
EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS PER SHARE INFORMATION

For The Three Months

Ended March 31, 

    

    

2019

2020

(restated)

Net Income

$

43,804,118

$

4,269,260

Basic Weighted-Average Shares Outstanding

 

67,993,797

63,229,710

Effect of dilutive securities:

 

Stock options

 

590,098

Restricted stock

 

3,295

172,741

Diluted Weighted-Average Shares Outstanding

 

67,997,092

63,992,549

Basic Income per Share

$

0.64

$

0.07

Diluted Income per Share

$

0.64

$

0.07

Stock options to purchase 2,748,500 shares of common stock and 1,329,489  shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2020, as their effect would have been anti-dilutive. Stock options to purchase 993,500 shares of common stock and 326,200 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2019, as their effect would have been anti-dilutive.