Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share were as follows for the three-month periods ended September 30, 2021 and 2020:


	Three Months Ended September 30,
(In Thousands, Except Share Data)	2021				2020
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	(9,593)	$	(9,593)	$	(37,241)	$	(37,241)
Weighted-average common shares outstanding	25,092,167		25,092,167		25,031,234		25,031,234
Add dilutive effect of restricted stock unit awards	—		—		—		—
Add dilutive effect of stock options	—		—		—		—
Weighted-average common shares outstanding	25,092,167		25,092,167		25,031,234		25,031,234
Earnings (loss) per common share	$	(0.38)	$	(0.38)	$	(1.49)	$	(1.49)
Awards excluded from diluted earnings per share calculation(1)	—		865,966		—		820,124

(1)Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would have been anti-dilutive.


	Nine Months Ended September 30,
(In Thousands, Except Share Data)	2021				2020
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	22,859	$	22,859	$	(103,815)	$	(103,815)
Weighted-average common shares outstanding	25,095,733		25,095,733		25,023,401		25,023,401
Add dilutive effect of restricted stock unit awards	—		216,527		—		—
Add dilutive effect of stock options	—		115,058		—		—
Weighted-average common shares outstanding	25,095,733		25,427,318		25,023,401		25,023,401
Earnings (loss) per common share	$	0.91	$	0.90	$	(4.15)	$	(4.15)
Awards excluded from diluted earnings per share calculation(1)	—		674,921		—		515,984