XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.2.2
Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Calculations of Earnings (Loss) Per Share

The calculations of earnings (loss) per share are as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(In thousands, except per share amounts)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic earnings (loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations, net of tax

 

$

10,925

 

 

$

20,276

 

 

$

32,658

 

 

$

50,719

 

Income (loss) from discontinued operations, net of tax

 

 

3,603

 

 

 

(4,096

)

 

 

(59,299

)

 

 

(3,556

)

Net income (loss)

 

$

14,528

 

 

$

16,180

 

 

$

(26,641

)

 

$

47,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

110,206

 

 

 

123,892

 

 

 

113,419

 

 

 

133,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings from continuing operations per Common Share

 

$

0.10

 

 

$

0.16

 

 

$

0.29

 

 

$

0.38

 

Basic earnings (loss) from discontinued operations per Common Share

 

 

0.03

 

 

 

(0.03

)

 

 

(0.52

)

 

 

(0.03

)

Net earnings (loss) per Common Share

 

$

0.13

 

 

$

0.13

 

 

$

(0.23

)

 

$

0.35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations, net of tax

 

$

10,925

 

 

$

20,276

 

 

$

32,658

 

 

$

50,719

 

Effect of assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

Plus: Interest expense, net of tax, associated with 0.875% Convertible Senior Notes

 

 

506

 

 

 

0

 

 

 

1,519

 

 

 

0

 

Income from continuing operations, net of tax after the effect of assumed conversions

 

$

11,431

 

 

$

20,276

 

 

$

34,177

 

 

$

50,719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations, net of tax

 

$

3,603

 

 

$

(4,096

)

 

$

(59,299

)

 

$

(3,556

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

110,206

 

 

 

123,892

 

 

 

113,419

 

 

 

133,517

 

Plus: Dilutive effect of restricted stock unit awards, convertible notes and warrants

 

 

18,665

 

 

 

7,460

 

 

 

20,861

 

 

 

8,564

 

Weighted-average common shares outstanding assuming dilution

 

 

128,871

 

 

 

131,352

 

 

 

134,280

 

 

 

142,081

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings from continuing operations per Common Share

 

$

0.09

 

 

$

0.15

 

 

$

0.25

 

 

$

0.36

 

Diluted (loss) earnings from discontinued operations per Common Share

 

 

0.03

 

 

 

(0.03

)

 

 

(0.44

)

 

 

(0.03

)

Net earnings (loss) per Common Share

 

$

0.12

 

 

$

0.12

 

 

$

(0.19

)

 

$

0.33

 

Anti-Dilutive Stock Options, Restricted Stock Unit Awards and Warrants Excluded from Computation of Diluted Earnings (Loss) Per Share following restricted stock unit awards, convertible notes and warrants are not included in the computation of diluted earnings per share as the effect of including such restricted stock unit awards, convertible notes and warrants in the computation would be anti-dilutive:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Shares subject to anti-dilutive restricted stock unit awards, convertible notes and warrants excluded from calculation

 

 

1,452

 

 

 

1,504

 

 

 

180

 

 

 

1,502