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Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is a reconciliation of basic and diluted earnings per share:
In thousands, except shares and per-share data
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Numerator - Basic
 
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders
 
$
14,058

 
$
(21,685
)
 
$
(35,394
)
 
$
(63,636
)
Less: allocation to participating securities
 
(5,494
)
 

 

 

Net income (loss) allocated to common stockholders - basic
 
$
8,564

 
$
(21,685
)
 
$
(35,394
)
 
$
(63,636
)
 
 
 
 
 
 
 
 
 
Numerator - Diluted
 
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders - basic
 
$
8,564


$
(21,685
)

$
(35,394
)

$
(63,636
)
Restricted stock unit compensation gain, net of tax
 
(80
)
 

 

 

Net income (loss) allocated to common stockholders - diluted
 
$
8,484


$
(21,685
)

$
(35,394
)

$
(63,636
)
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
Weighted average number of common shares - basic
 
24,933,853

 
24,599,744

 
24,852,994

 
24,598,816

Restricted stock units converted under the treasury stock method
 
397,957

 

 

 

Weighted average number of common shares - diluted
 
25,331,810


24,599,744


24,852,994


24,598,816

 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
Basic
 
$
0.34


$
(0.88
)

$
(1.42
)

$
(2.59
)
Diluted
 
$
0.33

 
$
(0.88
)
 
$
(1.42
)
 
$
(2.59
)
Schedule of Potentially Dilute Earnings Per Share in Future Were Excluded in the Computation of Diluted Net (Loss) Income Per Share as They Were Anti-dilutive
The following weighted average securities could potentially dilute earnings per share for the periods indicated, but were excluded from the computation of diluted net income (loss) per share, as their effect would have been antidilutive:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Preferred stock
 
15,997,411

 
14,635,078

 
15,649,269

 
14,316,581

Warrants
 
760,000

 
760,000

 
760,000

 
760,000

Stock appreciation rights
 
1,010,000

 
1,017,500

 
1,010,000

 
901,108

Restricted stock units
 

 
1,037,209

 
1,457,701

 
890,744