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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 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

Nine Months Ended

September 30,

September 30,

    

2021

2020

2021

2020

Basic:

Net income (loss)

$

13,052

$

(153,125)

$

(54,252)

$

(165,950)

Weighted average basic number of common shares outstanding

16,270

16,204

16,257

16,204

Basic net income (loss) per share of common stock

$

0.80

$

(9.45)

$

(3.34)

$

(10.24)

Diluted:

Net income (loss)

$

13,052

$

(153,125)

$

(54,252)

$

(165,950)

Weighted average basic number of common shares outstanding

16,270

16,204

16,257

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

158

Anti-dilutive

Anti-dilutive

Anti-dilutive

Weighted average diluted number of common shares outstanding

16,428

16,204

16,257

16,204

Diluted net income (loss) per share of common stock

$

0.79

$

(9.45)

$

(3.34)

$

(10.24)