(Loss) Earnings Per Share

6 Months Ended

Jun. 30, 2020

(Loss) Earnings Per Share [Abstract]

(Loss) Earnings Per Share

13. (Loss) Earnings per Share 

The following table sets forth the computation of basic and diluted (loss) earnings per common share (in thousands, except per share data): 

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Basic (loss) income per common share	2020		2019		2020		2019
Net (loss) income	$	(3,689)	$	2,832	$	(10,354)	$	2,535
Net income (loss) allocated to participating securities		24		(19)		73		(18)
Net (loss) income allocated to common shareholders	$	(3,665)	$	2,813	$	(10,281)	$	2,517
Basic weighted-average common shares outstanding		37,520		37,156		37,455		36,968
Basic (loss) income per common share	$	(0.10)	$	0.08	$	(0.27)	$	0.07
	Three Months Ended				Six Months Ended
	June 30,				June 30,
Diluted (loss) income per common share	2020		2019		2020		2019
Net (loss) income	$	(3,689)	$	2,832	$	(10,354)	$	2,535
Net income (loss) allocated to participating securities		24		(18)		73		(18)
Net (loss) income allocated to common shareholders	$	(3,665)	$	2,814	$	(10,281)	$	2,517
Basic weighted-average common shares outstanding		37,520		37,156		37,455		36,968
Effect of dilutive stock options and awards		--		682		--		821
Diluted weighted-average common shares outstanding		37,520		37,838		37,455		37,789
Diluted (loss) income per common share	$	(0.10)	$	0.07	$	(0.27)	$	0.07

We excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. Accordingly, for the three and six months ended June 30, 2020 all stock options and awards were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive due to the net loss. For the three and six months ended June 30, 2019, stock options to purchase a

weighted-average of 158,000 and 105,000 shares, respectively were antidilutive and excluded from the calculation of diluted weighted-average common shares outstanding.