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Earnings (Loss) Per Common Share (EPS)
3 Months Ended
Mar. 31, 2020
Earnings Per Share, Basic and Diluted [Abstract]  
Earnings (Loss) Per Common Share (EPS)

11.   Earnings (Loss) Per Common Share (EPS). The computation of weighted average shares outstanding and the basic and diluted earnings (loss) per common share consisted of the following (in thousands, except per share amounts):

Three Months Ended

March 31, 

2020

2019

Net income (loss)

$

(3,154)

$

6,195

Average common shares outstanding

 

55,246

 

54,917

Basic EPS

$

(0.06)

$

0.11

Average common shares outstanding

55,246

54,917

Effect of dilutive stock options (1)

1,573

Total potential shares outstanding

55,246

56,490

Diluted EPS

$

(0.06)

$

0.11

Stock options excluded as the impact was anti-dilutive(1)

4,340

976

(1)For the three-month period ended March 31, 2020, 2,242 outstanding stock options were considered antidilutive due to the net loss in the period. Independent of the net loss incurred, the potentially dilutive effect of these options would have been 769 shares.