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Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
 
Net loss
 
$
(6,697
)
 
$
(24,511
)
 
$
(25,297
)
 
$
(30,494
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
42,028

 
27,696

 
42,000

 
27,632

Effect of dilutive stock options
 

 

 

 

Diluted shares outstanding
 
42,028

 
27,696

 
42,000

 
27,632

Per common share net loss:
 
 
 
 
 
 
 
 
Basic net loss per share
 
$
(0.16
)
 
$
(0.89
)
 
$
(0.60
)
 
$
(1.10
)
Diluted net loss per share
 
$
(0.16
)
 
$
(0.89
)
 
$
(0.60
)
 
$
(1.10
)
Cash dividends declared per share
 
$
0.07

 
$
0.07

 
$
0.14

 
$
0.14


The calculation of diluted net loss per share for the three and six months ended June 30, 2019, excludes 0.8 million and 0.8 million, respectively, of potentially dilutive stock options, which had the effect of being anti-dilutive. The calculation of diluted net loss per share for the three and six months ended June 30, 2018, excludes 0.8 million and 0.8 million, respectively, of potentially dilutive stock options, which had the effect of being anti-dilutive. Given the net loss for the three and six months ended June 30, 2019 and 2018, all options are considered anti-dilutive and were excluded from the calculation of diluted net loss per share.