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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2021
EARNINGS PER SHARE  
Schedule of calculation of earnings (loss) per share

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

Three Months Ended

Six Months Ended

June 30,

June 30,

    

2021

2020

2021

2020

Basic:

Net income (loss)

$

(33,929)

$

(127,316)

$

(67,304)

$

(12,825)

Weighted average basic number of common shares outstanding

16,268

16,204

16,250

16,204

Basic net income (loss) per share of common stock

$

(2.09)

$

(7.86)

$

(4.14)

$

(0.79)

Diluted:

Net income (loss)

$

(33,929)

$

(127,316)

$

(67,304)

$

(12,825)

Weighted average basic number of common shares outstanding

16,268

16,204

16,250

16,204

Common stock equivalent shares representing shares issuable upon:

Exercise of Series A Warrants

Anti-dilutive

Anti-dilutive

Anti-dilutive

Anti-dilutive

Exercise of Series B Warrants

Anti-dilutive

Anti-dilutive

Anti-dilutive

Anti-dilutive

Exercise of Series C Warrants

Anti-dilutive

Anti-dilutive

Anti-dilutive

Anti-dilutive

Exercise of stock options

Anti-dilutive

Anti-dilutive

Anti-dilutive

Anti-dilutive

Vesting of restricted stock units

Anti-dilutive

Anti-dilutive

Anti-dilutive

Anti-dilutive

Weighted average diluted number of common shares outstanding

16,268

16,204

16,250

16,204

Diluted net income (loss) per share of common stock

$

(2.09)

$

(7.86)

$

(4.14)

$

(0.79)