Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted



	Three months ended June 30,					Six months ended June 30,
	2020		2019			2020		2019
(in thousands, except per share amounts)			(As Recast)					(As Recast)
EPS numerator:
Net income (loss)	$	2,947	$	(1,289	)	$	2,895	$	559

EPS denominator:
Weighted average shares outstanding – basic	7,846		7,643			7,822		7,643
Impact of dilutive securities	59		—			56		74
Weighted average shares outstanding – diluted	7,905		7,643			7,878		7,717

EPS:
Basic	$	0.38	$	(0.17	)	$	0.37	$	0.07
Diluted	$	0.37	$	(0.17	)	$	0.37	$	0.07

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the securities that were antidilutive or out-of-the-money, and therefore, were not included in the computations of diluted loss per common share:



	Three months ended June 30,		Six months ended June 30,
	2020	2019	2020	2019
Out-of-the money warrants (see Note 8)	4,576,799	4,576,799	4,576,799	4,576,799
Service-based RSUs (See Note 17)	463	138,782	1,255	2,867
Performance and market-based RSUs⁽¹⁾	9,674	—	—	—
Out-of-the money UPOs (See Note 8)	—	27,360	—	27,360
Total	4,586,936	4,742,941	4,578,054	4,607,026

⁽¹⁾ For the three and six months ended June 30, 2020 and 2019, certain PRSUs and MRSUs (both as defined below) were not included in the computation of diluted loss per share because the performance and market conditions were not satisfied during the periods and would not be satisfied if the reporting date was at the end of the contingency periods.