Earnings per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table provides a reconciliation of the components used in the calculation of basic and diluted earnings per share for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net income (loss) – basic and diluted	$	(243,413)	$	54,362	$	(175,034)	$	67,290
Weighted-average shares – basic	15,183		15,110		15,168		15,105
Effect of dilutive securities	—		50		—		60
Weighted-average shares – diluted 1	15,183		15,160		15,168		15,165

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1    For the three and nine months ended September 30, 2020, approximately 0.2 million and 0.1 million potentially dilutive securities, respectively, represented by RSUs and PRSUs, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share.