Earnings per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings per Share

Note 10. Earnings 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 Nine Months Ended
	September 30,					September 30,
	2019		2018			2019			2018
Net income (loss)	$	5,157	$	(2,598	)	$	(7,679	)	$	(24,638	)
Less: Net income allocated to participating restricted stockholders		128		—			—			—
Basic and diluted earnings available to common stockholders	$	5,029	$	(2,598	)	$	(7,679	)	$	(24,638	)
Common shares/units:
Common shares outstanding — basic		33,707		25,073			26,093			25,037
Dilutive effect of potential common shares		—		—			—			—
Common shares outstanding — diluted		33,707		25,073			26,093			25,037
Net earnings per share:
Basic	$	0.15	$	(0.10	)	$	(0.29	)	$	(0.98	)
Diluted	$	0.15	$	(0.10	)	$	(0.29	)	$	(0.98	)
Antidilutive stock options (1)		3		116			3			116
Antidilutive warrants (2)		9,154		2,174			9,154			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.