Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Summary of Significant Accounting Policies

Summarized liability activity related to contracts with customers

The following table summarizes the liability activity related to contracts with customers for the three and nine-month periods ended September 30, 2020 and 2019 (in thousands):

	Three Months				Nine Months
	Ended September 30				Ended September 30,
	2020		2019		2020		2019
Balance, beginning of period	$	3,676	$	2,008	$	976	$	1,140
Reductions from beginning balance		(2,342)		—		(271)		(739)
Additional liabilities recorded during the period		619		2,518		3,623		7,715
Reduction of additional liabilities recorded during the period, not from beginning balance		(528)		—		(2,903)		(3,590)
Balance, end of period	$	1,425	$	4,526	$	1,425	$	4,526

Schedule of the computation of EPS

The following table sets forth the computation of EPS (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net earnings (loss) per common share – basic and diluted:
Net earnings (loss)	$	13,190	$	(414)	$	9,361	$	2,597
Allocation to nonvested restricted stock awards		199		—		146		42
Net earnings (loss) available to common stockholders	$	12,991	$	(414)	$	9,215	$	2,555
Weighted-average shares outstanding – basic and diluted		35,836		35,952		35,836		35,998
Net earnings (loss) per common share – basic and diluted	$	0.36	$	(0.01)	$	0.26	$	0.07