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NET INCOME (LOSS) PER SHARE
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE NET INCOME (LOSS) PER SHARE
Basic earnings per share is calculated based on the weighted average number of common shares outstanding during the period, including vested shares deferred under our non-qualified deferred compensation plan. 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 income (loss) per share is determined using net income (loss) 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 three and six months ended June 30, 2020, no securities had a dilutive impact for these periods.
Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
Basic net income (loss) per share:
Net income (loss) applicable to common stockholders$12,252 $(146)$15,469 $(106,793)
Weighted average common shares outstanding51,272 52,874 51,697 53,015 
Basic net income (loss) per share$0.24 $0.00 $0.30 $(2.01)
Diluted net income (loss) per share:
Net income (loss) applicable to common stockholders$12,252 $(146)$15,469 $(106,793)
Weighted average common shares outstanding51,272 52,874 51,697 53,015 
Dilutive stock options and restricted stock717 — 775 — 
Diluted weighted average common shares outstanding51,989 52,874 52,472 53,015 
Diluted net income (loss) per share$0.24 $0.00 $0.29 $(2.01)