INCOME (LOSS) PER COMMON SHARE

9 Months Ended

Sep. 30, 2020

Basic income (loss) per common share has been computed by dividing net income (loss) by the weighted-average number of shares of the Company’s common stock outstanding during the relevant period. Diluted income (loss) per common share adjusts net income (loss) and basic income (loss) per common share for the effect of all potentially dilutive shares of the Company’s common stock. Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method.

The calculations of basic and diluted income (loss) per common share for the three and nine months ended September 30, 2020 and 2019 are as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(in thousands, except per share amounts)
Net income (loss) – Basic and Diluted	$	13,913	$	(13,519)	$	(18,228)	$	(29,899)
Weighted-average shares outstanding – Basic	20,935		20,429		20,835		20,494
Effect of dilutive securities:
Stock options and other stock awards	350		—		—		—
Weighted-average shares outstanding – Basic and Diluted	21,285		20,429		20,835		20,494
Basic income (loss) per common share	$	0.66	$	(0.66)	$	(0.87)	$	(1.46)
Diluted income (loss) per common share	$	0.65	$	(0.66)	$	(0.87)	$	(1.46)
Antidilutive Securities	1,850		2,128		2,133		2,246