Earnings (Loss) Per Share
Reconciliations of the components of basic and diluted net income (loss) per common share are presented in the table below (in thousands, except per share data):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2019 |
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2018 |
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2019 |
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2018 |
Basic earnings (loss) per share: |
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Allocation of earnings (loss): |
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Net (loss) income |
$ |
(10,889 |
) |
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$ |
42,700 |
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$ |
17,444 |
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$ |
98,246 |
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Weighted average common shares outstanding |
45,003 |
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44,737 |
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44,966 |
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44,700 |
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Basic (loss) earnings per share |
$ |
(0.24 |
) |
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$ |
0.95 |
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$ |
0.39 |
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$ |
2.20 |
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Diluted earnings (loss) per share: |
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Allocation of earnings (loss): |
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Net (loss) income |
$ |
(10,889 |
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$ |
42,700 |
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$ |
17,444 |
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$ |
98,246 |
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Weighted average common shares, including dilutive effect(a)
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45,003 |
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45,059 |
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45,060 |
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44,977 |
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Diluted (loss) earnings per share |
$ |
(0.24 |
) |
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$ |
0.95 |
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$ |
0.39 |
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$ |
2.18 |
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a. |
No incremental shares of potentially dilutive restricted stock awards were included for the three months ended June 30, 2019 as their effect was antidilutive under the treasury stock method.
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