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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Share The following table sets forth the calculation of basic and diluted earnings per share:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

(in thousands, except per share data)

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

9,447

 

$

10,943

 

$

23,220

 

$

(12,698)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share -

 

 

 

 

 

 

 

 

 

 

 

 

 

weighted-average number of common

 

 

 

 

 

 

 

 

 

 

 

 

 

shares outstanding during the period

 

 

38,426

 

 

47,451

 

 

39,522

 

 

47,981

Incremental common shares attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

exercise of dilutive options

 

 

74

 

 

116

 

 

75

 

 

Incremental common shares attributable

 

 

 

 

 

.

 

 

 

 

 

 

 

to outstanding restricted stock units

 

 

83

 

 

64

 

 

246

 

 

Denominator for diluted earnings per share

 

 

38,583

 

 

47,631

 

 

39,843

 

 

47,981

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.25

 

$

0.23

 

$

0.59

 

$

(0.26)

Diluted earnings (loss) per share

 

$

0.24

 

$

0.23

 

$

0.58

 

$

(0.26)