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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Summary of Reconciliation of Numerators and Denominators Used in Basic and Diluted Per Share Computations

We present below a reconciliation of the numerators and denominators we used in the basic and diluted per share computations for our Class A common stock:

 

     Year Ended December 31,  
(in thousands, except per share amounts)    2018     2017      2016  

Basic (loss) earnings per share:

       

Numerator:

       

Allocation of net (loss) income

   $ (26,691   $ 5,879      $ 24,885  
  

 

 

   

 

 

    

 

 

 

Denominator:

       

Weighted-average shares outstanding

     22,705       21,799        20,917  
  

 

 

   

 

 

    

 

 

 

Basic (loss) earnings per share

   $ (1.18   $ 0.27      $ 1.19  
  

 

 

   

 

 

    

 

 

 

Diluted (loss) earnings per share:

       

Numerator:

       

Allocation of net (loss) income

   $ (26,691   $ 5,879      $ 24,885  
  

 

 

   

 

 

    

 

 

 

Denominator:

       

Number of shares used in basic computation

     22,705       21,799        20,917  

Weighted-average effect of dilutive securities

       

Add: Director and employee stock options

     —         843        613  
  

 

 

   

 

 

    

 

 

 

Number of shares used in per share computations

     22,705       22,642        21,530  
  

 

 

   

 

 

    

 

 

 

Diluted (loss) earnings per share

   $ (1.18   $ 0.26      $ 1.16  
  

 

 

   

 

 

    

 

 

 

We used the following information in the basic and diluted per share computations for our Class B common stock:

 

     Year Ended December 31,  
(in thousands, except per share amounts)    2018     2017      2016  

Basic and diluted (loss) earnings per share:

       

Numerator:

       

Allocation of net (loss) income

   $ (6,069   $ 1,237      $ 5,916  
  

 

 

   

 

 

    

 

 

 

Denominator:

       

Weighted-average shares outstanding

     5,577       5,577        5,577  
  

 

 

   

 

 

    

 

 

 

Basic and diluted (loss) earnings per share

   $ (1.09   $ 0.22      $ 1.06