EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts):


	Three Months Ended
	March 31,
	2021		2020
Basic:
Net income (loss)	$	(33,375)	$	114,491
Weighted average basic number of common shares outstanding		16,232		16,204
Basic net income (loss) per share of common stock	$	(2.06)	$	7.07
Diluted:
Net income (loss)		(33,375)		114,491

Weighted average basic number of common shares outstanding		16,232		16,204
Common stock equivalent shares representing shares issuable upon:
Exercise of Series A Warrants		Anti-dilutive		Anti-dilutive
Exercise of Series B Warrants		Anti-dilutive		Anti-dilutive
Exercise of Series C Warrants		Anti-dilutive		Anti-dilutive
Exercise of stock options		Anti-dilutive		Anti-dilutive
Vesting of restricted stock units		Anti-dilutive		Anti-dilutive
Weighted average diluted number of common shares outstanding		16,232		16,204
Diluted net income (loss) per share of common stock	$	(2.06)	$	7.07