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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

 

(in thousands, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

10,722

 

 

$

(2,740

)

Dividends paid to preferred stockholders

 

 

(119

)

 

 

(404

)

Net income (loss) available to common stockholders

 

$

10,603

 

 

$

(3,144

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

34,513

 

 

 

22,322

 

Potential common shares - options (treasury

   stock method)

 

 

2,478

 

 

 

 

Weighted average shares outstanding - diluted

 

 

36,991

 

 

 

22,322

 

Shares excluded due to an exercise price greater than

   weighted average stock price for the period

 

 

88

 

 

 

1,081

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.31

 

 

$

(0.14

)

Diluted

 

$

0.29

 

 

$

(0.14

)