Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of earning per share, basic and diluted

The following table sets forth the components of diluted loss per share (in thousands, except share and per share amounts):


	Three months ended June 30,						Six months ended June 30,
	2020		2019		2020		2019
Numerator
Net (loss) income	$	(7,835)	$	3,289	$	(11,592)	$	2,449
Amortization of preferred stock issuance costs	—		(52)		(42)		(103)
Numerator for basic and diluted EPS – net (loss) income attributable to common stockholders	(7,835)		3,237		(11,634)		2,346
Add back amortization of preferred stock issuance costs	—		52		—		103
Numerator for diluted EPS – net (loss) income available to common stockholders after assumed conversions	$	(7,835)	$	3,289	$	(11,634)	$	2,449

Denominator
Weighted average common stock outstanding – basic	1,629,285		1,589,492		1,622,497		1,585,775
Stock options, treasury stock method	—		13,554		—		13,867
Restricted stock, treasury stock method	—		17,198		—		30,621
Preferred stock, if converted method	—		200,000		—		200,000
Weighted average common stock outstanding – diluted	1,629,285		1,820,244		1,622,497		1,830,263

(Loss) earnings per basic common share	$	(4.81)	$	2.04	$	(7.17)	$	1.48
(Loss) earnings per diluted common share	$	(4.81)	$	1.81	$	(7.17)	$	1.34

Schedule of antidilutive securities excluded from computation of earnings per share

We excluded the items presented below from the calculation of diluted earnings per share as they were antidilutive for the periods indicated ($ in thousands):




	Three months ended June 30, 2020		Six months ended June 30, 2020
Numerator
Reversal of amortization of preferred stock issuance costs	$	—	$	42

Denominator
Stock options	7,988		9,549
Restricted stock	49,502		49,768
Preferred stock, if converted	200,000		200,000