Annual report pursuant to Section 13 and 15(d)

NET INCOME (LOSS) PER COMMON SHARE

v3.20.1
NET INCOME (LOSS) PER COMMON SHARE
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE NET INCOME (LOSS) PER COMMON SHARE

The following table illustrates the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data):
 
Year Ended December 31,
 
2019
 
2018
 
Loss
 
Shares
 
Per Share
 
Income
 
Shares
 
Per Share
Basic net income (loss) per common share:
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) available to common stockholders
$
(5,611
)
 
10,871

 
$
(0.52
)
 
$
31,035

 
11,304

 
$
2.75

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Non-vested restricted stock
—

 
—

 
 

 
—

 
14

 
 

Diluted net income (loss) per common share:
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) available to common stockholders plus assumed conversions
$
(5,611
)
 
10,871

 
$
(0.52
)
 
$
31,035

 
11,318

 
$
2.74


In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As such, non-vested restricted stock totaling 459,654 shares were not included for year ended December 31, 2019.