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Earnings (Loss) Per Common Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Loss Per Common Share
Earnings (Loss) Per Common Share
Summarized basic and diluted earnings per common share were calculated as follows:
 
Three Months Ended March 31,
(in thousands, except per share data)
2019
 
2018
Numerator:
 
 
 
Net earnings (loss)
$
7,323

 
$
(19,843
)
Denominator:
 
 
 
Weighted-average shares outstanding
53,930

 
53,406

Effect of dilutive stock awards(1)
1,566

 

Weighted-average dilutive shares
55,496

 
53,406

 
 
 
 
Basic earnings (loss) per common share
$
0.14

 
$
(0.37
)
Diluted earnings (loss) per common share
$
0.13

 
$
(0.37
)
Anti-dilutive securities excluded from diluted loss per common share:
 
 
 
Anti-dilutive restricted share units

 
874

Anti-dilutive performance share units

 
1,294

Anti-dilutive stock options
1,019

 
3,033


(1) 
There was no dilutive effect to the loss per common share for the three months ended March 31, 2018 due to the net loss incurred for respective period.