Net Income (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2021

Basic and diluted net income (loss) per share was calculated as follows (in thousands, except per share data):


	For the three months ended September 30,				For the nine months ended September 30,
	2021		2020		2021		2020
Numerator:
Net income (loss)	$	38,427	$	(14,434)	$	12,391	$	(2,050)
Denominator:
Weighted-average shares used to compute net income (loss) per share—basic	51,416		51,190		51,315		51,161
Dilutive restrictive stock awards (1)	169		—		109		—
Weighted-average shares used to compute net income (loss) per share—diluted	51,585		51,190		51,424		51,161
Net income (loss) per share—basic	$	0.75	$	(0.28)	$	0.24	$	(0.04)
Net income (loss) per share—diluted	$	0.74	$	(0.28)	$	0.24	$	(0.04)

(1) In periods of net loss, the number of shares used to calculate diluted earnings per share is the same as basic earnings per

share; therefore, the effect of dilutive securities is zero for such periods.