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Net (Loss) Income Per Share | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Net (Loss) Income Per Share |
1 1. | Net (Loss) Income Per Share
Basic net (loss) income per share is calculated by dividing net (loss) income by the weighted average shares outstanding during the period, without consideration of common stock equivalents. Diluted net (loss) income per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury-stock method. The components of basic and diluted net (loss) income per share are as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(In thousands, except per share data) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (15,388 | ) |  | $ | 3,591 |  |  | $ | (8,715 | ) |  | $ | 6,411 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares - basic |  |  | 161,710 |  |  |  | 157,846 |  |  |  | 161,317 |  |  |  | 156,956 |
Common stock equivalents |  |  | — |  |  |  | 4,131 |  |  |  | — |  |  |  | 2,267 |
Weighted average shares - diluted |  |  | 161,710 |  |  |  | 161,977 |  |  |  | 161,317 |  |  |  | 159,223 |
Net (loss) income per share - basic |  | $ | (0.10 | ) |  | $ | 0.02 |  |  | $ | (0.05 | ) |  | $ | 0.04 |
Net (loss) income per share - diluted |  | $ | (0.10 | ) |  | $ | 0.02 |  |  | $ | (0.05 | ) |  | $ | 0.04 |
Antidilutive shares excluded from diluted net (loss) income per share (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingently issuable shares (2) |  |  | 5,000 |  |  |  | 8,214 |  |  |  | 5,000 |  |  |  | 9,107 |
Warrants |  |  | 20,000 |  |  |  | — |  |  |  | 20,000 |  |  |  | 10,000 |
Non-qualified stock options |  |  | 699 |  |  |  | — |  |  |  | 699 |  |  |  | — |
Performance share units |  |  | 116 |  |  |  | — |  |  |  | 116 |  |  |  | — |
Restricted stock units |  |  | 3,377 |  |  |  | — |  |  |  | 3,377 |  |  |  | 43 |
Total antidilutive shares excluded |  |  | 29,192 |  |  |  | 8,214 |  |  |  | 29,192 |  |  |  | 19,150 |
| (1) | These amounts represent the total antidilutive shares outstanding for the three and six months ended June 30, 2020 and the weighted average antidilutive shares for the three and six months ended June 30, 2019.
| (2) | Contingently issuable shares relate to the earn-out agreement as discussed in Note 14, Related Party Transactions.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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