Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

v3.20.2
EARNINGS (LOSS) PER SHARE
9 Months Ended
Sep. 30, 2020
EARNINGS (LOSS) PER SHARE  
EARNINGS (LOSS) PER SHARE

9. EARNINGS (LOSS) PER SHARE

The table below reconciles basic and diluted income (loss) per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

 

    

2020

    

2019

    

2020

    

2019

Numerator:

 

 

  

 

 

  

 

 

  

 

 

  

Net income (loss) - basic

 

$

7,708

 

$

938

 

$

(3,353)

 

$

(1,689)

Adjustment for assumed conversion of warrants

 

 

 —

 

 

 —

 

 

(1,159)

 

 

 —

Net income (loss) - diluted

 

$

7,708

 

$

938

 

$

(4,512)

 

$

(1,689)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

  

 

 

  

 

 

  

 

 

  

Weighted-average common and common share equivalents - basic

 

 

27,106

 

 

26,980

 

 

27,087

 

 

26,963

Potential dilution from share-based awards

 

 

358

 

 

521

 

 

 —

 

 

 —

Potential dilution from assumed conversion of warrants

 

 

 —

 

 

 —

 

 

133

 

 

 —

Weighted-average common and common share equivalents - diluted

 

 

27,464

 

 

27,501

 

 

27,220

 

 

26,963

Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share

 

 

2,360

 

 

1,901

 

 

3,534

 

 

3,959