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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2020
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 nine months ended September 30, 2020 and 2019 is as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands, except per share amounts)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

5,481

 

 

$

(46,123

)

 

$

(3,736

)

 

$

(41,358

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

47,957

 

 

 

47,824

 

 

 

47,957

 

 

 

47,803

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PSUs, RSUs and restricted stock

 

 

467

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – diluted

 

 

48,424

 

 

 

47,824

 

 

 

47,957

 

 

 

47,803

 

Earnings (loss) per share – basic

 

$

0.11

 

 

$

(0.96

)

 

$

(0.08

)

 

$

(0.87

)

Earnings (loss) per share – diluted

 

$

0.11

 

 

$

(0.96

)

 

$

(0.08

)

 

$

(0.87

)