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Earnings Per Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table presents the reconciliation of the numerator and denominator for calculating net income (loss) per share:
 
Third Quarter
 
First Nine Months
(In thousands, except per share data)
2019
 
2018
 
2019
 
2018
Numerator
 
 
 
 
 
 
 
Net income (loss) - basic and diluted
$
(1,441
)
 
$
3,644

 
$
4,147

 
$
21,712

 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
89,675

 
90,526

 
89,863

 
89,779

Dilutive effect of stock options and restricted stock awards
—

 
2,151

 
1,676

 
2,535

Dilutive effect of 2021 Convertible Notes
—

 
905

 
—

 
727

Weighted average common shares outstanding - diluted
89,675

 
93,582

 
91,539

 
93,041

 
 
 
 
 
 
 
 
Net income (loss) per common share
 
 
 
 
 
 
 
Basic
$
(0.02
)
 
$
0.04

 
$
0.05

 
$
0.24

Diluted
$
(0.02
)
 
$
0.04

 
$
0.05

 
$
0.23


We excluded the following weighted-average potential shares from the calculations of diluted net income (loss) per share during the applicable periods because their inclusion would have been anti-dilutive:
 
Third Quarter
 
First Nine Months
(In thousands)
2019
 
2018
 
2019
 
2018
Stock options and restricted stock awards
4,989

 
735

 
1,812

 
1,184


For the third quarter of 2019, we excluded all potentially dilutive stock options and restricted stock awards in calculating diluted earnings per share as the effect was anti-dilutive due to the net loss incurred for this period. The 2021 Convertible Notes (as defined in Note 7) only impact the calculation of diluted net income per share in periods that the average price of our common stock, as calculated in accordance with the terms of the indenture governing the 2021 Convertible Notes, exceeds the conversion price of $9.33 per share. We have the option to pay cash, issue shares of common stock, or any combination thereof for the aggregate amount due upon conversion of the 2021 Convertible Notes as further described in Note 7. If converted, we currently intend to settle the principal amount of the notes in cash and as a result, only the amounts payable in excess of the principal amount of the notes, if any, are assumed to be settled with shares of common stock for purposes of computing diluted net income per share.