Net Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2021

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 (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)