Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

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) income per common share:


	Three Months Ended June 30, 2020	Three Months Ended June 30, 2019	Six Months Ended June 30, 2020	Six Months Ended June 30, 2019
Basic weighted-average common shares outstanding	50,758,273	50,146,513	50,646,522	50,094,822
Effect of dilutive options, performance stock units and restricted stock	—	—	—	—
Diluted weighted-average shares outstanding	50,758,273	50,146,513	50,646,522	50,094,822

Amounts that could potentially dilute basic earnings per share

The following represents the weighted-average number of shares that could potentially dilute basic earnings per share in the future:


	Three Months Ended June 30, 2020	Three Months Ended June 30, 2019	Six Months Ended June 30, 2020	Six Months Ended June 30, 2019
Stock-based compensation awards⁽¹⁾:
Stock options	860,588	—	861,766	—
Restricted stock to non-directors	1,268,010	188,168	930,421	212,271
Restricted stock to directors	—	148,284	—	140,106
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.