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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Used in Calculating Basic and Diluted Earnings per Share

The following table reconciles the number of shares used in calculating basic and diluted earnings per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands, except per share amounts)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income (loss)

 

$

2,638

 

 

$

17,137

 

 

$

(14,194

)

 

$

23,697

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

67,176

 

 

 

67,664

 

 

 

67,321

 

 

 

67,774

 

Incremental shares due to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance shares

 

 

153

 

 

 

26

 

 

 

—

 

 

 

21

 

Restricted stock units

 

 

30

 

 

 

23

 

 

 

—

 

 

 

71

 

Diluted weighted-average shares outstanding

 

 

67,359

 

 

 

67,713

 

 

 

67,321

 

 

 

67,866

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

$

0.04

 

 

$

0.25

 

 

$

(0.21

)

 

$

0.35

 

Diluted net income (loss) per share

 

$

0.04

 

 

$

0.25

 

 

$

(0.21

)

 

$

0.35