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Earnings (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Earnings (Loss) Per Share

A summary of the calculation of basic and diluted earnings (loss) per share for the three months ended March 31, 2019 and 2018 is as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(In thousands, except per share amounts)

 

2019

 

 

2018

 

Numerator

 

 

 

 

 

 

 

 

Net income (loss)

 

$

770

 

 

$

(10,814

)

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

47,782

 

 

 

48,232

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

PSUs, RSUs and restricted stock

 

 

71

 

 

 

 

Weighted average number of shares – diluted

 

 

47,853

 

 

 

48,232

 

Earnings (loss) per share – basic

 

$

0.02

 

 

$

(0.22

)

Earnings (loss) per share – diluted

 

$

0.02

 

 

$

(0.22

)