Net Income (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of the Company’s basic and diluted net income per share

The computation of the Company's basic and diluted net income per share is as follows:

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
	(In thousands, except per share data)
Numerator for basic and diluted income (loss) per common share:
Net income (loss)	$	10,018	$	23,917	$	(102,433)	$	76,950
Less: Net income allocated to unvested participating restricted stock	(329)		(795)		(420)		(2,621)
Net income (loss) available to common stockholders - basic	9,689		23,122		(102,853)		74,329
Effect of unvested participating restricted stock in two-class calculation	2		6		—		28
Net income (loss) available to common stockholders - diluted	$	9,691	$	23,128	$	(102,853)	$	74,357
Denominator:
Weighted average outstanding shares of common stock - basic	16,221		16,762		16,229		17,095
Dilutive effect of stock options	62		293		—		337
Weighted average outstanding shares of common stock - diluted	16,283		17,055		16,229		17,432
Net income (loss) per common share:
Basic	$	0.60	$	1.38	$	(6.34)	$	4.35
Diluted	$	0.60	$	1.36	$	(6.34)	$	4.27