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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

 

 

 

Three Months Ended

March 31,

 

In thousands, except per share amounts

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

25,522

 

 

$

(6,325

)

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per share

 

 

10,543

 

 

 

10,897

 

Effect of dilutive securities

 

 

523

 

 

 

356

 

Weighted-average shares adjusted for dilutive securities

 

 

11,066

 

 

 

11,253

 

Earnings per share:

 

 

 

 

 

 

 

 

Basic

 

$

2.42

 

 

$

(0.58

)

Diluted

 

$

2.31

 

 

$

(0.56

)