|
A summary of the calculation of basic and diluted earnings (loss) per share for the years ended December 31, 2019, 2018 and 2017 is as follows:
|
(In thousands, except for per share amounts) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
Numerator |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
(52,982 |
) |
|
$ |
(19,342 |
) |
|
$ |
23,840 |
|
|
Denominator |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares – basic |
|
|
47,836 |
|
|
|
47,880 |
|
|
|
48,153 |
|
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options |
|
|
— |
|
|
|
— |
|
|
|
406 |
|
|
Restricted stock and restricted stock units |
|
|
— |
|
|
|
— |
|
|
|
140 |
|
|
Weighted average number of shares – diluted |
|
|
47,836 |
|
|
|
47,880 |
|
|
|
48,699 |
|
|
Earnings (loss) per share – basic |
|
$ |
(1.11 |
) |
|
$ |
(0.40 |
) |
|
$ |
0.50 |
|
|
Earnings (loss) per share – diluted |
|
$ |
(1.11 |
) |
|
$ |
(0.40 |
) |
|
$ |
0.49 |
|
|