EARNINGS PER SHARE (''EPS'')

12 Months Ended

Dec. 31, 2020

8. EARNINGS PER SHARE (“EPS”)

The following table reconciles the numerator and denominator used in computing our basic and diluted per-share amounts for net (loss) income attributable to common stockholders for the years ended December 31, 2020, 2019 and 2018:


	Year Ended December 31,
	2020		2019		2018
	(in thousands, except per share amounts)
Numerator:
Net (loss) income attributable to common stockholders	$	(33,467)	$	322,696	$	(14,298)
Redeemable preferred stock dividends declared on dilutive shares	(1)		2,804		—
Diluted net (loss) income attributable to common stockholders	$	(33,468)	$	325,500	$	(14,298)

Denominator:
Basic weighted average shares of Common Stock outstanding	14,748		14,598		14,597
Effect of dilutive securities—contingently issuable shares	—		1,895		—
Diluted weighted average shares and common stock equivalents outstanding	14,748		16,493		14,597

Net (loss) income attributable to common stockholders per share:
Basic	$	(2.27)	$	22.11	$	(0.98)
Diluted	$	(2.27)	$	19.74	$	(0.98)

The computations of basic EPS are based on our weighted average shares outstanding. The computation of diluted EPS does not include outstanding shares of Series A Preferred Stock for the year ended December 31, 2018 because their impact was deemed to be anti-dilutive. Outstanding Series A Preferred Warrants were not included in the computation of diluted EPS for the years ended December 31, 2020, 2019 and 2018 because their impact was either anti-dilutive or such warrants were not exercisable during such periods (Note 10). No shares of Series D Preferred Stock outstanding as of December 31, 2020 had a dilutive effect and no shares of Series D Preferred Stock were outstanding as of December 31, 2019 and 2018. Outstanding shares of Series L Preferred Stock were not included in the computation of diluted EPS for the years ended December 31, 2020, 2019 and 2018 because such shares were not redeemable during such periods.

EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.