EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share

The following table illustrates the determination of earnings (loss) per share for each period presented:

	March 31,
	2020		2019
	(in thousands, except per share amounts)
Basic Earnings (Loss) Per Share:
Numerator:
Net income (loss)	$	41,564	$	(6,480)
Income attributable to participating securities - basic	$	7,157	$	—
Net income (loss) attributable to common stockholders - basic	$	34,407	$	(6,480)
Denominator:
Weighted average common shares outstanding - basic	109,808		77,458
Net income (loss) per share applicable to common stockholders - basic	$	0.31	$	(0.08)
Dilutive Earnings (Loss) Per Share:
Numerator:
Net income (loss)	$	41,564	$	(6,480)
Income attributable to participating securities - diluted	$	7,156	$	—
Net income (loss) attributable to common stockholders - diluted	$	34,408	$	(6,480)
Denominator:
Weighted average shares outstanding	109,808		77,458
Dilutive impact from:
Stock options and employee stock purchase plan	15		—
Weighted average common shares outstanding for diluted	109,823		77,458
Net income (loss) per share applicable to common stockholders - diluted	$	0.31	$	(0.08)

Schedule of Potentially Dilutive Securities Excluded from Diluted Loss Calculation

The following potentially dilutive securities outstanding as of March 31, 2020 and 2019 have been excluded from the denominator of the diluted loss per share of common stock outstanding calculation as their effect is anti-dilutive (in thousands):

	March 31,
	2020	2019
Warrants	55	9,258
Stock options	9,703	5,689
	9,758	14,947