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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share of Common Stock
The following table presents the calculation of basic and diluted net income (loss) per share of common stock for the years ended December 31, 2018, 2017 and 2016:
 
Year Ended December 31,
(in thousands, except for share and per share amounts)
2018
 
2017
 
2016
Numerator:
 
 
 
 
 
Net income (loss)
$
25,208

 
$
(15,567
)
 
$
(18,010
)
Denominator:
 
 
 
 
 
Weighted average shares outstanding, basic
50,859,947

 
44,735,146

 
43,449,441

Effect of dilutive securities
2,185,310

 

 

Weighted average shares outstanding, diluted
53,045,257

 
44,735,146

 
43,449,441

Net income (loss) per share, basic and diluted:
 
 
 
 
 
Basic
$
0.50

 
$
(0.35
)
 
$
(0.41
)
Diluted
$
0.48

 
$
(0.35
)
 
$
(0.41
)
Antidilutive securities excluded from calculations of diluted net income (loss) per share
903,265

 
3,136,515

 
4,943,797