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Stockholders' Equity
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Stockholders' Equity Stockholders’ EquityCommon Stock — Our authorized capital stock consists of 60,000,000 shares of common stock with a par value of $0.01 per share; of which, 31,569,749 and 31,249,811 shares were issued and outstanding as of September 30, 2021 and December 31, 2020, respectively.
Preferred Stock — Our authorized capital stock also consists of 5,000,000 shares of preferred stock with a par value of $0.01 per share. No preferred shares were outstanding as of September 30, 2021 and December 31, 2020.
Diluted earnings per share for the three and nine months ended September 30, 2021 and 2020 includes the effect of potential common shares issuable when dilutive, and is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Net income (loss) $7,511 $4,178 $21,096 $(32,913)
Weighted average number of common shares outstanding (in '000s)31,570 30,986 31,432 30,894 
Dilutive effect of restricted stock grants after application of the Treasury Stock Method (in '000s)1,136 631 1,306 — 
Dilutive shares outstanding32,706 31,617 32,738 30,894 
Basic earnings (loss) per share$0.24 $0.13 $0.67 $(1.07)
Diluted earnings (loss) per share $0.23 $0.13 $0.64 $(1.07)


There were no outstanding share-based compensation awards that were excluded from the calculation of diluted earnings per share for the three months ended September 30, 2021 and there were 282 thousand outstanding restricted shares that were excluded from the calculation of diluted earnings per share for the three months ended September 30, 2020. There were no outstanding share-based compensation awards that were excluded from the calculation of diluted earnings per share for the nine months ended September 30, 2021 and there were 256 thousand outstanding restricted shares that were excluded from the calculation of diluted earnings per share for the nine months ended September 30, 2020.
Shareholder Rights Plan

On June 23, 2020, the Company’s Board of Directors adopted a limited duration rights plan and declared a dividend distribution of one right (each, a “Right” and together with all other such rights distributed or issued pursuant thereto, the “Rights”) for each outstanding share of common stock, par value $0.01, of the Company, as of July 5, 2020, the record date for such dividend. Each holder of common stock as of the record date received a dividend of one Right per share of common stock.

On April 15, 2021, the Company and Computershare Trust Company, N.A., as rights agent (“Rights Agent”), entered into an amendment (the “Amendment”) to the Rights Agreement, dated as of June 25, 2020, by and between the Company and Rights Agent (the “Rights Agreement”). Pursuant to the Amendment, the Final Expiration Date of the Rights (each as defined in the Rights Agreement) was advanced from June 24, 2021 to April 15, 2021. As a result of the Amendment, the Rights are no longer outstanding.