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Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2019 and 2018 is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands, except per share amounts)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

3,995

 

 

$

(7,670

)

 

$

4,765

 

 

$

(18,484

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

47,802

 

 

 

47,856

 

 

 

47,792

 

 

 

48,043

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

7

 

 

 

 

 

 

 

 

 

 

PSUs, RSUs and restricted stock

 

 

227

 

 

 

 

 

 

147

 

 

 

 

Weighted average number of shares – diluted

 

 

48,036

 

 

 

47,856

 

 

 

47,939

 

 

 

48,043

 

Earnings (loss) per share – basic

 

$

0.08

 

 

$

(0.16

)

 

$

0.10

 

 

$

(0.38

)

Earnings (loss) per share – diluted

 

$

0.08

 

 

$

(0.16

)

 

$

0.10

 

 

$

(0.38

)