Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

Earnings per Share

6 Months Ended

Jun. 30, 2020

The following table provides a reconciliation of the components used in the calculation of basic and diluted earnings per share for the periods presented:


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net income (loss) – basic and diluted	$	(94,715)	$	51,625	$	68,379	$	12,928

Weighted-average shares – basic	15,167		15,106		15,159		15,102
Effect of dilutive securities	—		56		109		72
Weighted-average shares – diluted	15,167		15,162		15,268		15,174

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¹For the three months ended June 30, 2020, approximately 0.1 million potentially dilutive securities, represented by RSUs and PRSUs, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share.