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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Used in Calculating Basic and Diluted Earnings per Share

The following table reconciles the number of shares used in calculating basic and diluted earnings per share:

 

 

Three Months Ended March 31,

 

(in thousands, except per share amounts)

2020

 

 

2019

 

Net (loss) income

$

(16,832

)

 

$

6,560

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

67,478

 

 

 

67,860

 

Incremental shares due to:

 

 

 

 

 

 

 

Performance shares

 

 

 

 

36

 

Restricted stock units

 

 

 

 

20

 

Diluted weighted-average shares outstanding

 

67,478

 

 

 

67,916

 

 

 

 

 

 

 

 

 

Basic net (loss) income per share

$

(0.25

)

 

$

0.10

 

Diluted net (loss) income per share

$

(0.25

)

 

$

0.10