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Earnings (Loss) Per Share | 12 Months Ended
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Dec. 31, 2020
Earnings (Loss) Per Share |
Earnings (Loss) Per Share | 15. Earnings (Loss) Per Share Basic earnings (loss) per share of common stock is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share of common stock is computed by dividing net income (loss) by the weighted average number of common shares, using the two-class method. As the Company has granted RSUs that both participate in dividend equivalents and do not participate in dividend equivalents, the Company has calculated earnings (loss) per share pursuant to the two-class method, which is an earnings allocation formula that determines earnings (loss) per share for common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings (distributed and undistributed) are allocated to common shares and participating securities based on their respective rights to receive dividends. Diluted net earnings (loss) per share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of common stock and dilutive common stock outstanding during the period. Potential common shares in the diluted net earnings per share computation are excluded to the extent that they would be anti-dilutive. Weighted average of potentially dilutive non-participating RSU’s were 25,565 in the year ended December 31, 2020 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​ | ​ | 2019 | ​ | ​ | 2018
Basic earnings (loss) per common share | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) | $ | (86,553) | ​ | $ | 49,166 | ​ | $ | 43,905
Less income allocated to participating securities | ​ | - | ​ | ​ | 639 | ​ | ​ | 584
Net income (loss) allocated to common shareholders | $ | (86,553) | ​ | $ | 48,527 | ​ | $ | 43,321
Weighted average common shares outstanding | ​ | 22,846,467 | ​ | ​ | 22,779,057 | ​ | ​ | 22,681,888
​ | $ | (3.81) | ​ | $ | 2.13 | ​ | $ | 1.91
Earnings (loss) per common share assuming dilution | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) | $ | (86,553) | ​ | $ | 49,166 | ​ | $ | 43,905
Less income allocated to participating securities | ​ | - | ​ | ​ | 639 | ​ | ​ | 584
Net income (loss) allocated to common shareholders | $ | (86,553) | ​ | $ | 48,527 | ​ | $ | 43,321
Weighted average common shares outstanding | ​ | 22,846,467 | ​ | ​ | 22,779,057 | ​ | ​ | 22,681,888
Incremental shares applicable to stock based compensation | ​ | - | ​ | ​ | 34,654 | ​ | ​ | 22,968
Weighted average common shares assuming dilution | ​ | 22,846,467 | ​ | ​ | 22,813,711 | ​ | ​ | 22,704,856
​ | $ | (3.81) | ​ | $ | 2.11 | ​ | $ | 1.89
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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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