Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash as reported in the unaudited condensed consolidated balance sheets that totals to the amounts shown in the unaudited condensed consolidated statements of cash flows at the dates indicated (in thousands):


	March 31,		December 31,
	2020		2019

Cash and cash equivalents	$	87,398	$	112,994
Restricted cash	8,827		9,261
Total cash, cash equivalents and restricted cash shown in the
unaudited condensed consolidated statements of cash flows	$	96,225	$	122,255

Schedule of Common Stock Outstanding

The following table reconciles our outstanding common stock for the periods indicated:


						Common
						shares

Balance, January 1, 2020						4,235,533
Vesting of restricted stock unit awards						217
Balance, March 31, 2020						4,235,750

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the calculation of basic and diluted (losses) earnings per share was as follows for the periods indicated (in thousands, except per share data):


	Three Months Ended March 31,

	2020		2019
(Losses) Earnings per share — numerator:
Net (losses) earnings	$	(11,427)	$	4,908

Denominator:
Basic weighted average number of shares outstanding	4,236		4,218

Basic (losses) earnings per share	$	(2.70)	$	1.16

Diluted (losses) earnings per share:
Diluted weighted average number of shares outstanding:
Common shares	4,236		4,218
Restricted stock unit awards	12		6
Performance share unit awards⁽¹⁾	2		—
Total	4,250		4,224

Diluted (losses) earnings per share	$	(2.69)	$	1.16

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(1)The dilutive effect of performance share awards are included in the calculation of diluted earnings per share when the performance share award performance conditions have been achieved. The performance conditions for the performance share unit awards granted in 2018 were achieved as of December 31, 2018.