XML 50 R40.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Calculation of Earnings Per Share
Earnings (loss) per share was calculated as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except per-share amounts)
2020
 
2019
 
2020
 
2019
BASIC
 
 
 
 
 
 
 
Net income (loss)
$
14,400

 
$
(5,061
)
 
$
20,246

 
$
(6,066
)
Weighted-average common shares outstanding
13,915

 
13,863

 
13,938

 
13,845

Basic earnings (loss) per share
$
1.03

 
$
(0.37
)
 
$
1.45

 
$
(0.44
)
 
 
 
 
 
 
 
 
DILUTED
 
 
 
 
 
 
 
Net income (loss)
$
14,400

 
$
(5,061
)
 
$
20,246

 
$
(6,066
)
Weighted-average common shares outstanding for basic
13,915

 
13,863

 
13,938

 
13,845

Dilutive effect of stock options, restricted stock and common stock warrants
236

 
—

 
243

 
—

Weighted-average common shares outstanding on a diluted basis
14,151

 
13,863

 
14,181

 
13,845

Diluted earnings (loss) per share
$
1.02

 
$
(0.37
)
 
$
1.43

 
$
(0.44
)
Securities Excluded from the Computation of Diluted Earnings (Loss) Per Common Share
The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2020
 
2019
 
2020
 
2019
Stock options
511

 
382

 
486

 
462

Restricted stock awards
3

 
31

 
27

 
129

Performance-based warrants
275

 
175

 
275

 
175