Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Diluted Earnings per Share

Diluted earnings per share for the three and six months ended June 30, 2020 and 2019 includes the effect of potential common shares issuable when dilutive, and is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019 (as restated)		2020		2019 (as restated)
Net (loss) income	$	(12,497)	$	6,146	$	(37,091)	$	16,132
Weighted average number of common shares outstanding (in '000s)	30,890		30,547		30,848		30,530
Dilutive effect of restricted stock grants after application of the Treasury Stock Method (in '000s)	—		277		—		201
Dilutive shares outstanding	30,890		30,824		30,848		30,731
Basic (loss) earnings per share	$	(0.40)	$	0.20	$	(1.20)	$	0.53
Diluted (loss) earnings per share	$	(0.40)	$	0.20	$	(1.20)	$	0.52

Schedule of Stockholders Equity

The changes in stockholder's equity are as follows: 

	Six Months Ended June 30, 2020
	Common Stock			Treasury Stock		Additional Paid In Capital		Retained  Deficit		Accumulated  Other Comp. Loss		Total CVG Stockholders’  Equity
	Shares (in thousands)	Amount
Balance - December 31, 2019	30,801	$	323	$	(11,230)	$	245,852	$	(60,307)	$	(45,950)	$	128,688
Share-based compensation expense	46	—		—		862		—		—		862
Total comprehensive income	—	—		—		—		(24,594)		(8,030)		(32,624)
Balance - March 31, 2020	30,847	$	323	$	(11,230)	$	246,714	$	(84,901)	$	(53,980)	$	96,926
Share-based compensation expense	138	(14)		—		868		—		—		854
Total comprehensive income	—	—		—		—		(12,497)		2,578		(9,919)
Balance - June 30, 2020	30,985	$	309	$	(11,230)	$	247,582	$	(97,398)	$	(51,402)	$	87,861

	Six Months Ended June 30, 2019
	Common Stock			Treasury Stock		Additional  Paid In Capital		Retained  Deficit 1		Accumulated  Other Comp. Loss		Total CVG Stockholders’  Equity
	Shares (in thousands)	Amount
Balance - December 31, 2018 (as restated)	30,513	$	318	$	(10,245)	$	243,007	$	(76,013)	$	(47,471)	$	109,596
Share-based compensation expense	—	—		—		761		—		—		761
Cumulative effect of adoption of Topic 842	—	—		—		—		(72)		—		(72)
Total comprehensive income	—	—		—		—		9,986		(206)		9,780
Balance - March 31, 2019 (as restated)	30,513	$	318	$	(10,245)	$	243,768	$	(66,099)	$	(47,677)	$	120,065
Share-based compensation expense	68	1		—		718		—		—		719
Total comprehensive income	—	—		—		—		6,146		1,955		8,101
Balance - June 30, 2019 (as restated)	30,581	$	319	$	(10,245)	$	244,486	$	(59,953)	$	(45,722)	$	128,885

^1.The Company has adjusted certain prior period amounts for the restatement and immaterial corrections of error. See Note 3 for details.