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Earnings Per Share (Tables)
9 Months Ended
Sep. 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

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

(in thousands, except per share data)

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

7,136

 

$

7,799

 

$

30,356

 

$

(4,899)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share -

 

 

 

 

 

 

 

 

 

 

 

 

 

weighted-average number of common

 

 

 

 

 

 

 

 

 

 

 

 

 

shares outstanding during the period

 

 

37,419

 

 

46,301

 

 

38,813

 

 

47,415

Incremental common shares attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

exercise of dilutive options

 

 

80

 

 

90

 

 

77

 

 

Incremental common shares attributable

 

 

 

 

 

 

 

 

 

 

 

 

 

to outstanding restricted stock units

 

 

146

 

 

64

 

 

294

 

 

Denominator for diluted earnings per share

 

 

37,645

 

 

46,455

 

 

39,184

 

 

47,415

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.19

 

$

0.17

 

$

0.78

 

$

(0.10)

Diluted earnings (loss) per share

 

$

0.19

 

$

0.17

 

$

0.77

 

$

(0.10)