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Earnings (Loss) per Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Earnings (Loss) Per Share

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