Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2020

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 Nine Months Ended
	September 30,					September 30,
	2020			2019		2020			2019
Net income (loss)	$	(17,685	)	$	5,157	$	(426,220	)	$	(7,679	)
Less: Net income allocated to participating restricted stockholders		—			128		—			—
Basic and diluted earnings available to common stockholders	$	(17,685	)	$	5,029	$	(426,220	)	$	(7,679	)
Common shares/units:
Common shares outstanding — basic		37,626			33,707		37,596			26,093
Dilutive effect of potential common shares		—			—		—			—
Common shares outstanding — diluted		37,626			33,707		37,596			26,093
Net earnings per share:
Basic	$	(0.47	)	$	0.15	$	(11.34	)	$	(0.29	)
Diluted	$	(0.47	)	$	0.15	$	(11.34	)	$	(0.29	)
Antidilutive stock options (1)		—			3		—			3
Antidilutive warrants (2)		2,174			9,154		2,174			9,154

(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.