Earnings per Common Share

3 Months Ended

Mar. 31, 2020

Basic income (loss) per share is based on the weighted-average number of shares of common stock outstanding. Diluted income (loss) per share is based upon the weighted-average number of shares of common stock outstanding plus all potentially dilutive securities that were assumed to be converted into common shares at the beginning of the period under the treasury stock method.



	Three Months Ended March 31,
(In thousands)	2020	2019
Basic weighted-average common shares outstanding¹	16,555	16,516
Incremental shares due to:
Stock-based awards	60	47
Diluted weighted-average common shares outstanding	16,615	16,563


¹	Basic weighted-average common shares outstanding includes restricted stock unit awards that are fully vested, but are deferred for future issuance.

Anti-dilutive shares excluded from the calculation were 0.9 million and 0.9 million for the three months ended March 31, 2020 and 2019.