Loss Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

LOSS PER SHARE

Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share, if applicable, reflects the potential dilution that could occur if stock options, restricted stock, or other common stock equivalents were exercised or converted into common stock. The dilutive effect of stock options or other common stock equivalents is calculated using the treasury stock method.

The following is a reconciliation of the numerator and denominator used to calculate basic loss per common share and diluted loss per common share for the three months ended March 31, 2020, and 2019:

	For the Three Months Ended
	March 31, 2020		March 31, 2019
Net loss	$	(75,555)	$	(14,424)
Weighted average shares outstanding:
Basic	29,745		28,883
Dilutive effect of restricted stock units	—		—
Diluted	29,745		28,883
Loss per share:
Basic	$	(2.54)	$	(0.50)
Diluted	$	(2.54)	$	(0.50)

For the three months ended March 31, 2020, and 2019, 1,167 and 1,187 restricted stock units, respectively, were not considered in calculating diluted loss per share because the Company was in a loss position and, therefore, the effect would have been anti-dilutive.