Income Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Income Per Share

INCOME (LOSS) PER SHARE

Basic per share amounts were computed using the weighted average number of common shares outstanding. Diluted per share amounts were calculated using the number of basic weighted average shares outstanding increased by dilutive potential common shares related to stock-based awards, as determined by the treasury stock method. The weighted average numbers of shares outstanding used to compute income (loss) per share were as follows (in thousands):

	Three Months Ended March 31,
	2019	2018
Shares used to calculate basic income (loss) per share	29,573	30,314
Dilutive effect of outstanding stock options, performance stock units and restricted stock units	—	277
Shares used to calculate diluted income (loss) per share	29,573	30,591

The weighted average numbers of shares outstanding listed in the table below were anti-dilutive and excluded from the computation of diluted income per share. In the case of stock options, this is because the average market price did not exceed the exercise price.

	Three Months Ended March 31,
	2019	2018
Stock options	30	—
Restricted stock units	39	—

In the case of restricted stock units, this is because unrecognized compensation expense exceeds the current value of the awards (i.e., grant date market value was higher than current average market price). These shares may be dilutive potential common shares in the future (in thousands):

	Three Months Ended March 31,
	2019	2018
Stock options	91	13
Restricted stock units	341	1