Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Calculation of Earnings (Loss) per Share

The following sets forth the calculation of earnings (loss) per share, or EPS, for the periods indicated (in thousands, except per share amounts):

	For the Three Months Ended					For the Six Months Ended
	June 30,					June 30,
	2019		2018			2019			2018
Net income (loss)	$	18,641	$	(25,279	)	$	(12,836	)	$	(22,040	)
Less: Net income allocated to participating restricted stockholders		728		—			—			—
Basic and diluted earnings available to common stockholders	$	17,913	$	(25,279	)	$	(12,836	)	$	(22,040	)
Common shares/units:
Common shares outstanding — basic		22,267		25,038			22,223			25,019
Dilutive effect of potential common shares		—		—			—			—
Common shares outstanding — diluted		22,267		25,038			22,223			25,019
Net earnings per share:
Basic	$	0.80	$	(1.01	)	$	(0.58	)	$	(0.88	)
Diluted	$	0.80	$	(1.01	)	$	(0.58	)	$	(0.88	)
Antidilutive stock options (1)		—		135			—			135
Antidilutive warrants (2)		2,174		2,174			2,174			2,174

(1) Amount represents options to purchase common stock that are excluded from the diluted net earnings per share calculations because of their antidilutive effect.

(2) Amount represents warrants to purchase common stock that are excluded from the diluted net earnings per share calculations because of their antidilutive effect.