Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share

Earnings Per Share

10. Earnings Per Share

The following table sets out earnings per share of common stock:

	Three months ended March 31,
	2020		2019
	(in thousands, except shares and per share data)
Net income (loss)	$	11,775	$	(14,411)
Weighted average common shares outstanding:
Basic		24,119,263		17,000,000
Common Share equivalents		659,345		—
Diluted		24,778,608		17,000,000
Earnings per share:
Basic	$	0.49	$	(0.85)
Diluted	$	0.48	$	(0.85)

Common share equivalents relate primarily to outstanding stock options and RSUs under the 2019 Plan and unpurchased shares under the 2019 ESPP.