Earnings Per Share (EPS)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share (EPS)

Earnings Per Share (EPS)The Company reported a net loss for the three months ended March 31, 2020; therefore, all potentially dilutive securities, composed of restricted stock and performance awards of 1,909,165, were excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on EPS. For the three months ended March 31, 2019, potentially dilutive securities included in the calculation of diluted weighted average shares outstanding were 347,237.

For the three months ended March 31, 2020 and 2019, options to purchase common stock of 3,554,729 and 1,775,429, respectively, were excluded from potentially dilutive securities because of their anti-dilutive effect on EPS.

For the three months ended March 31, 2020, stock appreciation rights of 1,240,000 were excluded from potentially dilutive securities because of their anti-dilutive effect on EPS.