Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of reconciliation of numerator and denominator of basic and diluted earnings per share

The following represents a reconciliation of the numerator and denominator of the basic and diluted earnings per share computations contained in the condensed consolidated financial statements:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(in thousands, except share and per share amounts)
Net income (loss) to shareholders	$	26,283	$	(25,167)	$	25,082	$	17,868

Weighted average common shares outstanding:
Basic	30,582,540		30,382,105		30,529,557		30,230,490
Common share equivalents	364,303		—		309,038		428,899
Diluted	30,946,843		30,382,105		30,838,595		30,659,389

Earnings (loss) per share:
Basic	$	0.86	$	(0.83)	$	0.82	$	0.59
Common share equivalents	(0.01)		—		(0.01)		(0.01)
Diluted	$	0.85	$	(0.83)	$	0.81	$	0.58