Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30, 2020	Three Months Ended September 30, 2019	Nine Months Ended September 30, 2020	Nine Months Ended September 30, 2019
Basic weighted-average common shares outstanding	51,001,852	50,227,590	50,765,829	50,138,835
Effect of dilutive options, performance stock units and restricted stock	—	60,714	—	—
Diluted weighted-average shares outstanding	51,001,852	50,288,304	50,765,829	50,138,835

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 September 30, 2020	Three Months Ended September 30, 2019	Nine Months Ended September 30, 2020	Nine Months Ended September 30, 2019
Convertible preferred stock	21,526,522	—	7,227,883	—
Stock-based compensation awards(1):
Stock options	799,570	1,028,583	804,267	949,987
Restricted stock to non-directors	1,811,016	749,510	1,079,151	624,930

Warrants:
Private placement warrants	2,075,652	6,160,000	4,788,613	6,160,000
Public warrants	3,309,948	9,823,072	7,636,184	9,823,072

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