Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.20.2
Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share, Including Antidilutive Securities Excluded from Computation of Earnings Per Share
Basic and diluted earnings per share for the three and six months ended June 30, 2020 and 2019, respectively consisted of the following (in thousands, except per share data):
 
     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
     2020      2019      2020      2019  
Numerator (Basic and Diluted):
            
Net income
    $ 106      $ 21,279      $ 13,176      $ 36,917  
  
 
 
     
 
 
     
 
 
     
 
 
  
Denominator:
            
Basic
            
Weighted average common shares issued and outstanding
      39,306        39,073        39,261        39,035  
Deduct: Unvested RSAs
(1)
      (19 )       (20 )       (18 )       (24 ) 
Add: Fully vested DSUs
(2)
      342        342        342        342  
  
 
 
     
 
 
     
 
 
     
 
 
  
Weighted Average Common Shares Outstanding
      39,629        39,395        39,585        39,353  
  
 
 
     
 
 
     
 
 
     
 
 
  
Basic earnings per common share
    $ —        $ 0.54      $ 0.33      $ 0.94  
  
 
 
     
 
 
     
 
 
     
 
 
  
Diluted
            
Weighted Average Common Shares Outstanding from above
      39,629        39,395        39,585        39,353  
Add: Dilutive effect of RSUs, RSAs & ESPP
      44        132        77        171  
  
 
 
     
 
 
     
 
 
     
 
 
  
Weighted Average Common Shares Outstanding
      39,673        39,527        39,662        39,524  
  
 
 
     
 
 
     
 
 
     
 
 
  
Diluted earnings per common share
    $ —        $ 0.54      $ 0.33      $ 0.93  
  
 
 
     
 
 
     
 
 
     
 
 
  
Antidilutive shares excluded from diluted earnings per common share
(3)
      738        272        636        260  
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(1)
RSAs were issued and outstanding to the
non-employee
directors and have a one-year vesting term subject to service requirements. See Note 12 – “Stock-Based Compensation Plans” for additional information.
(2)
Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 12 – “Stock-Based Compensation Plans” for additional information.
(3)
Primarily pertaining to RSU grants to the Company’s employees and independent contractors.