Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 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):


	September 30,		December 31,
	2020		2019

Cash and cash equivalents	$	53,106	$	112,994
Restricted cash	4,865		9,261
Total cash, cash equivalents and restricted cash shown in the
unaudited condensed consolidated statements of cash flows	$	57,971	$	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
Vesting of restricted stock unit awards						8,641
Shares withheld to cover taxes upon vesting of restricted stock unit awards						(2,107)
Balance, June 30, 2020						4,242,284
No activity						—
Balance, September 30, 2020						4,242,284

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				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Earnings (losses) per share — numerator:
Net (losses) earnings	$	3,073	$	640	$	(4,851)	$	5,554

Denominator:
Basic weighted average number of shares outstanding	4,242		4,234		4,239		4,226

Basic (losses) earnings per share	$	0.72	$	0.15	$	(1.14)	$	1.31

Diluted (losses) earnings per share:
Diluted weighted average number of shares outstanding:
Common shares	4,242		4,234		4,239		4,226
Restricted stock unit awards (1)	9		3		—		4
Performance share unit awards (1) (2)	2		1		—		—
Total diluted shares	4,253		4,238		4,239		4,230

Diluted (losses) earnings per share	$	0.72	$	0.15	$	(1.14)	$	1.31

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(1)For the nine months ended September 30, 2020, the effect of the restricted stock unit awards and the performance share awards on losses per share is anti-dilutive.

(2)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. For the nine months ended September 30, 2019, the effect of the performance share awards on earnings per share is anti-dilutive.