Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of weighted average common shares outstanding

The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net loss per common share:


	Three Months Ended June 30, 2019	Three Months Ended June 30, 2018	Six Months Ended June 30, 2019	Six Months Ended June 30, 2018
Basic weighted-average common shares outstanding	50,146,513	49,864,822	50,094,822	49,814,744
Effect of dilutive options, performance stock units and restricted stock	—	—	—	—
Diluted weighted-average shares outstanding	50,146,513	49,864,822	50,094,822	49,814,744

Amounts that could potentially dilute basic earnings per share

The following represents amounts that could potentially dilute basic earnings per share in the future:


(in thousands, except share data)	Three Months Ended June 30, 2019	Three Months Ended June 30, 2018	Six Months Ended June 30, 2019	Six Months Ended June 30, 2018
Stock-based compensation awards⁽¹⁾:
Stock options	—	613,243	—	613,243
Restricted stock to non-directors	188,168	480,323	212,271	400,546
Restricted stock to directors	148,284	69,495	140,106	69,018
Warrants:
Private placement warrants	6,160,000	6,160,000	6,160,000	6,160,000
Public warrants	9,823,072	9,823,072	9,823,072	9,823,072

———————————————————————————————

(1) SARs and Phantom Shares are payable in cash so will have no impact on number of shares