Basic earnings per share is computed by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding and issuable during the period. Diluted net earnings per share gives effect to all potentially dilutive common share equivalents outstanding during the period. The dilutive effect of outstanding stock-based compensation awards and warrants is computed using the treasury stock method. The computation of diluted earnings per share does not assume exercise of securities that would have an anti-dilutive effect on earnings.

The following table sets forth the basic and diluted weighted average shares outstanding for earnings per share calculations as disclosed on the condensed consolidated statements of operations and other comprehensive income (loss) (in thousands):