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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares
The following table represents the Company's basic and dilutive weighted-average shares:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
Basic weighted average shares
83,823

 
83,412

 
83,667

 
83,326

Effect of dilutive stock-based compensation awards

 

 

 
105

Diluted weighted average shares
83,823

 
83,412

 
83,667

 
83,431


Schedule of Antidilutive and Contingently Issuable Securities Excluded from Computation of Earnings Per Share
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Anti-dilutive:
(in thousands)
Time-based options and restricted stock awards
3,064

 
3,076

 
3,064

 
3,022

Performance-based restricted stock awards
917

 
1,241

 
917

 
1,013

Contingently issuable:
 
 
 
 
 
 
 
Performance-based restricted stock awards with a market condition
147

 
294

 
147

 
308

Total stock-based awards excluded from diluted EPS
4,128

 
4,611

 
4,128

 
4,343


Computations for Basic and Diluted Earnings per Common Share
The computations for basic and diluted (loss) earnings per common share are as follows:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands, except per share data)
(Loss) earnings per common share - Basic
 
 
 
 
 
 
 
Net (loss) income
$
(2,418
)
 
$
(8,590
)
 
$
(1,622
)
 
$
10,941

Cumulative undeclared convertible preferred stock dividend
5,031

 

 
13,697

 

Net (loss) income attributable to common shareholders
(7,449
)
 
(8,590
)
 
(15,319
)
 
10,941

Weighted average common shares outstanding - basic
83,823

 
83,412

 
83,667

 
83,326

(Loss) earnings per common share - basic
$
(0.09
)
 
$
(0.10
)
 
$
(0.18
)
 
$
0.13

(Loss) earnings per common share - Diluted
 
 
 
 
 
 
 
Net (loss) income
$
(2,418
)
 
$
(8,590
)
 
$
(1,622
)
 
$
10,941

Cumulative undeclared convertible preferred stock dividends
5,031

 

 
13,697

 

Net (loss) income attributable to common shareholders
(7,449
)
 
(8,590
)
 
(15,319
)
 
10,941

Weighted average common shares outstanding - diluted
83,823

 
83,412

 
83,667

 
83,431

(Loss) earnings per common share - diluted
$
(0.09
)
 
$
(0.10
)
 
$
(0.18
)
 
$
0.13