Earnings Per Share

12 Months Ended

Dec. 31, 2021

19. Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computation.


	Year Ended December 31,
	2021			2020			2019
	(In thousands, except per share amounts)
Net income (loss)	$	(127,996	)	$	(30,768	)	$	1,720
Weighted average basic common shares outstanding		35,331			35,260			35,839
Effect of dilutive securities - stock options and awards		-			-			313
Total shares and dilutive securities		35,331			35,260			36,152
Basic income (loss) per common share	$	(3.62	)	$	(0.87	)	$	0.05
Diluted income (loss) per common share	$	(3.62	)	$	(0.87	)	$	0.05

For the years ended December 31, 2021, 2020 and 2019, the Company has excluded the following common stock options and awards because their impact on the loss per share is anti-dilutive (in thousands on a weighted average basis):


	Year Ended December 31,
	2021		2020		2019
	(In thousands)
Director stock awards		62		49		6
Stock options		46		109		185
Performance share units		325		349		15
Restricted stock awards		485		352		46