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Earnings per Common Share

3 Months Ended

Mar. 31, 2021

Earnings per Common Share

Earnings per Common Share

Note 13 – Earnings per Share (share counts in thousands)

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of common stock equivalents to the extent they are not anti-dilutive. Because the Company is in a net loss position for the three months ended March 31, 2021, diluted net loss per share for these periods excludes the effects of common stock equivalents, which are anti-dilutive. For the three months ended March 31, 2020, the anti-dilutive effect of our securities is immaterial.

The details of the earnings per share calculations for the three months ended March 31, 2021 and 2020 are as follows:

​

​	​	​	​	​	​	​
​	March 31,
in thousands, except per share data	2021			2020		​
Net income (loss)	$	(9,151)	​	$	4	​
Weighted average common shares outstanding:			​			​
Basic		39,996	​		40,127	​
Incremental shares with dilutive effect:		​	​			​
Restricted stock awards		—	​		211	​
Diluted		39,996	​		40,338	​
​	​	​	​	​	​	​
Net income (loss) per share:			​			​
Basic	$	(0.23)	​	$	(0.00)	​
Diluted	$	(0.23)	​	$	(0.00)	​

​

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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

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