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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings per Share and Weighted Average Shares Outstanding Used in Calculating Basic and Diluted Earnings per Share

The following table illustrates earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income (loss)

 

$

24,791

 

 

$

(10,322

)

 

$

57,700

 

 

$

1,551

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

33,100,230

 

 

 

32,579,549

 

 

 

33,025,432

 

 

 

32,635,322

 

Dilutive effect of stock options, restricted stock awards and restricted stock units

 

 

443,978

 

 

 

 

 

 

443,417

 

 

 

233,392

 

Diluted weighted average shares of Common Stock outstanding

 

 

33,544,208

 

 

 

32,579,549

 

 

 

33,468,849

 

 

 

32,868,714

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.75

 

 

$

(0.32

)

 

$

1.75

 

 

$

0.05

 

Diluted earnings per share

 

$

0.74

 

 

$

(0.32

)

 

$

1.72

 

 

$

0.05

 

 

Common Stock Issuable upon Exercise of Certain Stock Options

The following table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Anti-dilutive securities share impact

 

 

 

 

 

894,520

 

 

 

 

 

 

346,596