Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share (EPS):

	Three Months Ended March 31,
In thousands, except per share data	2020		2019
Net income (loss) available to common shareholders	$	8,684	$	(1,907)
Weighted average common shares outstanding - Basic	40,043		39,658
Dilutive effect of stock-based awards	431		—
Weighted average common shares outstanding - Diluted	40,474		39,658
Net income (loss) per common share - Basic	$	0.22	$	(0.05)
Net income (loss) per common share - Diluted	$	0.21	$	(0.05)

Stock-based AwardsFor stock-based awards, the dilutive effect is calculated using the treasury stock method. Under this method, the dilutive effect is computed as if the awards were exercised at the beginning of the period (or at time of issuance, if later) and assumes the related proceeds were used to repurchase our common stock at the average market price during the period. Related proceeds include the amount the employee must pay upon exercise and the future compensation cost associated with the stock award. Approximately 0.3 million and 1.0 million stock-based awards were excluded from the calculation of diluted EPS for the three months ended March 31, 2020 and 2019 because they were anti-dilutive. These stock-based awards could be dilutive in future periods.