Note

(Loss) Income

Per

Basic (loss) income per share excludes dilution and is computed by dividing earnings available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted (loss) income per share reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in our earnings. There were approximately

261,000

anti-dilutive shares for the

three

nine

months ended

September 30, 2019

. There were

outstanding stock options at

September 30, 2019

. Income per share is the same for both Class A and Class B shares.

The following table sets forth, for the periods indicated, the calculation of net (loss) income per share included in the condensed consolidated statements of operations:

(in thousands except per share data)	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2019			2018		2019		2018
Numerator:
Net (loss) income	$	(3,189	)	$	11,614	$	7,315	$	26,002
Denominator:
Denominator for basic (loss) income per share – weighted-average shares		18,458			18,343		18,426		18,337
Effect of dilutive securities:
Equivalent shares issuable upon conversion of unvested restricted shares		261			154		194		111
Denominator for diluted (loss) income per share adjusted weighted-average shares and assumed conversions		18,719			18,497		18,620		18,448

Net (loss) income per share:
Basic net (loss) income per share	$	(0.17	)	$	0.63	$	0.40	$	1.42
Diluted net (loss) income per share	$	(0.17	)	$	0.63	$	0.39	$	1.41