Net Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

The following table summarizes the computation of basic and diluted net income (loss) per common share.


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Net loss	$	(21,748)	$	(7,283)	$	(269,939)	$	(26,801)
Less: Preferred Stock cumulative dividends and deemed dividends	(3,043)		—		(5,994)		—





Numerator for basic and diluted net loss per common share (1)	$	(24,791)	$	(7,283)	$	(275,933)	$	(26,801)

Denominator:
Weighted average common shares outstanding, basic and diluted	42,197		42,028		42,154		42,000


Per common share net loss:
Basic net income (loss) per common share	$	(0.59)	$	(0.17)	$	(6.55)	$	(0.64)
Diluted net income (loss) per common share	$	(0.59)	$	(0.17)	$	(6.55)	$	(0.64)
Cash dividends declared per common share	$	—	$	0.07	$	—	$	0.14

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(1) Preferred Stock does not participate in losses.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the number of potentially dilutive securities that were excluded from the calculation of diluted net income (loss) per common share because they had an anti-dilutive effect.


	Three Months Ended June 30,			Six Months Ended June 30,
	2020	2019	2020	2019
Options	890	754	890	754
Warrants	1,500	—	1,500	—
Preferred Stock, as-converted	25,278	—	25,278	—
	27,668	754	27,668	754