Net Income (Loss) per Share

6 Months Ended

Jun. 30, 2021

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



	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(In thousands, except per share data)
Numerator for basic and diluted income (loss) per common share:
Net income (loss)	$	29,362	$	(134,779)	$	54,965	$	(112,451)
Less: Net income allocated to unvested participating restricted stock	(657)		—		(1,431)		(420)
Net income (loss) available to common stockholders - basic	28,705		(134,779)		53,534		(112,871)
Effect of unvested participating restricted stock in two-class calculation	3		—		10		—

Net income (loss) available to common stockholders - diluted	$	28,708	$	(134,779)	$	53,544	$	(112,871)
Denominator:
Weighted average outstanding shares of common stock - basic	16,886		16,177		16,673		16,215
Dilutive effect of stock options	91		—		129		—
Weighted average outstanding shares of common stock - diluted	16,977		16,177		16,802		16,215
Net income (loss) per common share:
Basic	$	1.70	$	(8.33)	$	3.21	$	(6.96)
Diluted	$	1.69	$	(8.33)	$	3.19	$	(6.96)

For the six months ended June 30, 2020, diluted loss per common share was computed using the basic weighted average number of shares outstanding during the period as the 101,000 shares from common stock equivalents would have been antidilutive. There were no common stock equivalents for the three months ended June 30, 2020.