Earnings (Loss) Per Share (EPS)

3 Months Ended

Mar. 31, 2019

Earnings (Loss) Per Share ("EPS")

Basic EPS was computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS was computed under the treasury stock method by dividing net income (loss) by the sum of the weighted average number of shares of common stock outstanding and potentially dilutive securities outstanding during the period under the treasury stock method. Potentially dilutive securities include stock options and restricted stock units and shares that the Company is contractually obligated to issue in the future.

The following table indicates the computation of basic and diluted earnings per share:



	Three Months Ended March 31,
(in thousands, except per share amounts)	2019		2018
Calculation of net income (loss) per share:
Net income (loss)	$	13,910	$	6,583
Basic weighted average shares outstanding	49,775		49,474
Basic net income (loss) per share	$	0.28	$	0.13

Effect of stock options outstanding:
Basic weighted average shares outstanding	49,775		49,474
Effect from dilutive shares and options outstanding	340		550
Diluted weighted average shares outstanding	50,115		50,024
Diluted net income (loss) per share	$	0.28	$	0.13

The computation of diluted EPS does not include certain unvested awards, on a weighted average basis, because their inclusion would have an anti-dilutive effect on EPS. The awards excluded because of their anti-dilutive effect were as follows:

Three Months Ended
March 31,

(in thousands)

Awards excluded from the computation of diluted net income (loss) per share because their inclusion would have been anti-dilutive