EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2020

EARNINGS (LOSS) PER SHARE

Schedule of Earnings per share, basic and diluted

Earnings (loss) per share for the three and six months ended June 30, 2020 and 2019 are calculated for basic and diluted earnings (loss) per share as follows:

	Basic				Diluted				Basic				Diluted
(in thousands, except per share amounts)	Three Months Ended June 30,				Three Months Ended June 30,				Six Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019		2020		2019		2020		2019
Net (loss)/income	$	(12,336)	$	6,585	$	(12,336)	$	6,585	$	(19,347)	$	7,034	$	(19,347)	$	7,034
Net income allocated to restricted stock		—		(107)		—		(105)		—		(114)		—		(114)
Net (loss)/income allocated to common shares	$	(12,336)	$	6,478	$	(12,336)	$	6,480	$	(19,347)	$	6,920	$	(19,347)	$	6,920
Basic Weighted-Average Shares Outstanding		11,967		11,851		11,967		11,851		11,935		11,799		11,935		11,799
Dilutive effect of stock options and ESPP						—		112						—		94
Dilutive effect of Notes						—		306						—		153
Diluted Weighted-Average Shares Outstanding						11,967		12,269						11,935		12,046
(Loss)/Earnings per share	$	(1.03)	$	0.55	$	(1.03)	$	0.53	$	(1.62)	$	0.59	$	(1.62)	$	0.57