Net (Loss) Income Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Net (Loss) Income Per Share

Net (Loss) Income Per Share

Basic net (loss) income per common share is computed using the weighted-average number of common shares outstanding during the period.  Diluted net income per common share is computed using the weighted-average number of common and dilutive common equivalent shares from stock options, restricted stock and warrants using the treasury stock method. 

The following table sets forth the computation of basic and diluted net (loss) income per share (in thousands except share data):

	Three Months Ended March 31,
	2019			2018
Net (loss) income	$	(13,273	)	$	4,619
Denominator for basic earnings per share - weighted average shares	106,420,317			104,747,411
Effect of dilutive securities: Stock options, restricted stock, and warrants outstanding(a)	803,487			8,961,976
Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities	106,420,317			113,709,387
(Loss) income per common share - basic	$	(0.12	)	$	0.04
(Loss) income per common share - diluted	$	(0.12	)	$	0.04

(a) Securities outstanding that are included in the computation above, utilizing the treasury stock method are as follows:

	Three Months Ended March 31,
	2019	2018
Outstanding Stock Options	609,292	6,856,369
Restricted Stock Awards	194,195	2,105,607
	803,487	8,961,976