Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Reconciliation of the Numerator and Denominator of Basic and Diluted Earnings (Loss) Per Share

Following is a reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2020 and 2019:

(In thousands except per share data)	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Numerator:
Net income (loss)	$	(42,417	)	$	13,920		$	(212,013	)	$	36,271
Net income allocated to unvested restricted stock		—			(63	)		—			(140	)
Net income (loss) allocated to shares of Common Stock	$	(42,417	)	$	13,857		$	(212,013	)	$	36,131

Denominator:
Shares used for basic income (loss) per share		48,783			47,923			48,702			45,996
Effect of dilutive stock options and restricted stock units outstanding:
Non-qualified stock options		—			64			—			94
Restricted stock units		—			597			—			495
Shares used for diluted income (loss) per share ⁽¹⁾		48,783			48,584			48,702			46,585

Earnings (loss) per share:
Basic	$	(0.87	)	$	0.29		$	(4.35	)	$	0.79
Diluted ⁽¹⁾	$	(0.87	)	$	0.29		$	(4.35	)	$	0.78

Dilutive securities outstanding not included in the computation of earnings per share because their effect is anti-dilutive:
Non-qualified stock options		137			70			181			74
Restricted stock units		659			276			582			207
Restricted stock awards		19			156			30			94
Performance-based stock units		27			—			52			—
Market-based stock units		150			—			66			—

(1)

The impact of potentially dilutive securities for the three and nine months ended September 30, 2020 was not considered because the impact would be anti-dilutive.