Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share were as follows for the three-month periods ended June 30, 2020 and 2019:

	Three Months Ended June 30,
(In Thousands, Except Share Data)	2020				2019
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	5,960	$	5,960	$	(4,196)	$	(4,196)
Weighted-average common shares outstanding	25,024,855		25,024,855		25,210,354		25,210,354
Add dilutive effect of restricted stock unit awards	—		213,203		—		—
Add dilutive effect of stock options	—		17,546		—		—
Weighted-average common shares outstanding	25,024,855		25,255,604		25,210,354		25,210,354
Earnings (loss) per common share	$	0.24	$	0.24	$	(0.17)	$	(0.17)
Awards excluded from diluted earnings per share calculation(1)	—		815,279		—		63,897

(1)Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.

	Six Months Ended June 30,
(In Thousands, Except Share Data)	2020				2019
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	(66,574)	$	(66,574)	$	40,325	$	40,325
Weighted-average common shares outstanding	25,019,441		25,019,441		25,170,877		25,170,877
Add dilutive effect of restricted stock unit awards	—		—		—		257,810
Add dilutive effect of stock options	—		—		—		231,116
Weighted-average common shares outstanding	25,019,441		25,019,441		25,170,877		25,659,803
Earnings (loss) per common share	$	(2.66)	$	(2.66)	$	1.60	$	1.57
Awards excluded from diluted earnings per share calculation(1)	—		515,984		—		63,897

(1)Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.