XML 37 R21.htm IDEA: XBRL DOCUMENT
v3.20.4

PER SHARE OF COMMON STOCK | 12 Months Ended
--- | ---
Dec. 31, 2020
Earnings Per Share [Abstract] |
PER SHARE OF COMMON STOCK | PER SHARE OF COMMON STOCK Basic earnings per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined based on the weighted average number of common shares outstanding during the period combined with the incremental average common shares that would have been outstanding assuming the conversion of all potentially dilutive common shares into common shares as of the earliest date possible. The calculation of basic and diluted net (loss) income per share is determined using net (loss) income applicable to common stockholders as the numerator and the number of shares included in the denominator as shown below (in thousands, except per share amounts). Due to the net loss applicable to common stockholders for the year ended December 31, 2020, no securities had a dilutive impact.
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Basic net (loss) income per share: |  |  |  |  |
Net (loss) income applicable to common stockholders | $ | (97,412) |  |  | $ | 89,575 |  |  | $ | 69,421 |
Weighted average common shares outstanding | 52,945 |  |  | 54,695 |  |  | 56,996 |
Basic net (loss) income per share | $ | (1.84) |  |  | $ | 1.64 |  |  | $ | 1.22 |
Diluted net (loss) income per share: |  |  |  |  |
Net (loss) income applicable to common stockholders | $ | (97,412) |  |  | $ | 89,575 |  |  | $ | 69,421 |
Weighted average common shares outstanding | 52,945 |  |  | 54,695 |  |  | 56,996 |
Dilutive shares from assumed conversion of convertible senior notes | — |  |  | — |  |  | 455 |
Dilutive stock options and restricted stock | — |  |  | 595 |  |  | 979 |
Diluted weighted average common shares outstanding | 52,945 |  |  | 55,290 |  |  | 58,430 |
Diluted net (loss) income per share | $ | (1.84) |  |  | $ | 1.62 |  |  | $ | 1.19 |
As noted above, due to the net loss applicable to common stockholders for the year ended December 31, 2020, no securities had a dilutive impact. For the years ended December 31, 2019 and 2018, there were no options excluded from average diluted shares outstanding as the average market price of the common shares was greater than the exercise price. In addition, the calculation of diluted net income per share for the year ending December 31, 2018 includes the impact of the Company’s Convertible Senior Notes as the average stock price of the Company’s common stock during this period was above the initial conversion price of approximately $11.70 per share. The convertible notes matured in May 2018; as such, there were no dilutive shares in 2020 or 2019.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration