Reconciliation of (Loss) Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Reconciliation of (Loss) Earnings Per Common Share

Schedule of computation of basic and diluted earnings per common share

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Numerator for basic (loss) earnings per share:
Net (loss) earnings	$	(22,829)	$	3,873	$	(87,560)	$	(8,739)
Numerator for diluted loss per share:
Net (loss) earnings	$	(22,829)	$	3,873	$	(87,560)	$	(8,739)
Interest expense attributable to convertible notes (1)		—		—		—		—
Net (loss) earnings plus interest expense attributable to convertible notes	$	(22,829)	$	3,873	$	(87,560)	$	(8,739)
Denominator for basic (loss) earnings per share (2):
Basic weighted average common shares outstanding during the period		21,230		21,181		21,229		21,170
Denominator for diluted (loss) earnings per share (2):
Basic weighted average common shares outstanding during the period		21,230		21,181		21,229		21,170
Net effect of dilutive convertible notes and warrants (1)		—		—		—		—
Net effect of dilutive stock options, DSU’s, RSA's and RSU's (1)		—		8		—		—
Diluted weighted average common shares		21,230		21,189		21,229		21,170
Net (loss) earnings per common share:
Basic	$	(1.08)	$	0.18	$	(4.12)	$	(0.41)
Diluted	$	(1.08)	$	0.18	$	(4.12)	$	(0.41)

(1) Adjustments to diluted (loss) earnings per share for the three and six months ended June 30, 2020 and six months ended June 30, 2019 were excluded from the calculation, as they were anti-dilutive.

Number of shares presented in thousands.