Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

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)			2020		2019		2020		2019
Net income (loss)		$	(3,407)	$	9,447	$	445	$	23,220
Denominator for basic earnings per share -
	weighted-average number of common
	shares outstanding during the period		36,439		38,426		36,614		39,522
Incremental common shares attributable to
	exercise of dilutive options		—		74		49		75
Incremental common shares attributable
	to outstanding restricted stock units		—		83		200		246
Denominator for diluted earnings per share			36,439		38,583		36,863		39,843
Basic earnings (loss) per share		$	(0.09)	$	0.25	$	0.01	$	0.59
Diluted earnings (loss) per share		$	(0.09)	$	0.24	$	0.01	$	0.58