EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2018

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings (loss) per share

	Three Months Ended
	March 31
	2018		2017
	(in thousands, except share and per share data)
Basic
Numerator:
Net income (loss)	$	9,954	$	(7,407)
Effect of unvested restricted stock awards		(30)		(17)
Adjusted net income (loss)	$	9,924	$	(7,424)
Denominator:
Weighted-average shares		25,642,871		25,684,475
Earnings (loss) per common share	$	0.39	$	(0.29)
Diluted
Numerator:
Net income (loss)	$	9,954	$	(7,407)
Effect of unvested restricted stock awards		(29)		(17)
Adjusted net income (loss)	$	9,925	$	(7,424)
Denominator:
Weighted-average shares		25,642,871		25,684,475
Effect of dilutive securities		953,505		—
Adjusted weighted-average shares and assumed conversions		26,596,376		25,684,475
Earnings (loss) per common share	$	0.37	$	(0.29)