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Earnings (Loss) per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings (Loss) Per Common Share
The following table illustrates the computation of basic and diluted earnings (loss) per common share for the three and nine months ended September 30, 2019 and 2018:
 
   
Three Months Ended
 
   
September 30,
2019
   
September 30,
2018
 
   
(In thousands of US dollars,
except share data)
 
Basic Earnings (Loss) per Share
          
Net income (loss)
  $(1,607  $17,222 
   
 
 
   
 
 
 
Basic weighted average common stock outstanding
   34,357,745    34,573,377 
Basic earnings (loss) per share
  $(0.05  $0.50 
Diluted Earnings (Loss) per Share
          
Net income (loss)
  $(1,607)   $17,222 
Add back: Interest expense on Exchangeable Notes
   —      1,422 
   
 
 
   
 
 
 
Net income (loss) allocated to common stockholders
  $(1,607  $18,644 
   
 
 
   
 
 
 
Basic weighted average common stock outstanding
   34,357,745    34,573,377 
Net effect of dilutive equity awards
   —      1,000,020 
Net effect of assumed conversion of 5.0% Exchangeable Notes to common stock
   —      10,448,213 
   
 
 
   
 
 
 
Diluted weighted average common stock outstanding
   34,357,745    46,021,610 
Diluted earnings (loss) per share
  $(0.05  $0.41 
  
   
Nine Months Ended
 
   
September 30,
2019
   
September 30,
2018
 
   
(In thousands of US dollars,
except share data)
 
Basic and Diluted Loss per Share
          
Net loss
  $(45,252  $(1,520
   
 
 
   
 
 
 
Basic and diluted weighted average common stock outstanding
   34,266,513    34,416,887 
Basic and diluted loss per share
  $(1.32  $(0.04
Schedule of Antidilutive Securities Excluded from the Computation of Loss Per Common Share
The following outstanding instruments were excluded from the computation of diluted earnings (loss) per share, as they have an anti-dilutive effect on the calculation:
 
   
Three Months Ended
   
Nine Months Ended
 
   
September 30,
2019
   
September 30,
2018
   
September 30,
2019
   
September 30,
2018
 
Options
   2,479,423    723,117    2,479,423    2,684,558 
Restricted Stock Units
   592,967    —      592,967    581,759