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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share
Earnings (loss) per share was calculated as follows: 
 
Year Ended December 31,
(In thousands, except per-share amounts)
2019
 
2018
 
2017
BASIC
 
 
 
 
 
Net income (loss)
$
3,630

 
$
11,924

 
$
(10,323
)
Weighted-average common shares outstanding
13,879

 
13,948

 
14,351

Basic earnings (loss) per share
$
0.26

 
$
0.85

 
$
(0.72
)
DILUTED
 
 
 
 
 
Net income (loss)
$
3,630

 
$
11,924

 
$
(10,323
)
Weighted-average common shares outstanding for basic
13,879

 
13,948

 
14,351

Dilutive effect of stock options, restricted stock and common stock warrants
230

 
112

 

Weighted-average common shares outstanding on a diluted basis
14,109

 
14,060

 
14,351

Diluted earnings (loss) per share
$
0.26

 
$
0.85

 
$
(0.72
)

The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings (loss) per common share as their inclusion would have been anti-dilutive:
 
Year Ended December 31,
(In thousands)
2019
 
2018
 
2017
Stock options
371

 
390

 
648

Restricted stock awards
67

 
118

 
221

Performance-based warrants
188

 
175

 
69