Earnings Per Common Share (EPS)

9 Months Ended

Sep. 30, 2019

Earnings Per Share, Basic and Diluted [Abstract]

Earnings Per Common Share (EPS)

4.   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				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Net income (loss)	$	(3,398)	$	16,619	$	9,656	$	32,828
Average common shares outstanding		55,152		53,431		55,029		51,434
Basic EPS	$	(0.06)	$	0.31	$	0.18	$	0.64
Average common shares outstanding		55,152		53,431		55,029		51,434
Effect of dilutive stock options		—		1,672		1,364		1,662
Total potential shares outstanding		55,152		55,103		56,393		53,096
Diluted EPS	$	(0.06)	$	0.30	$	0.17	$	0.62
Stock options excluded as the impact was anti-dilutive		4,299		667		1,361		462