XML 32 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2
Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

Note 14. Earnings (Loss) Per Share

Basic earnings (loss) per share includes no dilution and is computed by dividing net income or loss applicable to common stock by the weighted-average number of common shares outstanding for the respective period. Diluted earnings per share includes the impact of dilutive securities such as unvested shares of restricted stock, restricted stock units, and performance share units. The following table presents the computations of basic and diluted earnings (loss) per share for the periods indicated:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Shares in thousands)

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic weighted-average common shares outstanding

 

28,338

 

 

 

31,927

 

 

 

28,973

 

 

 

32,720

 

Performance share units, unvested restricted stock units,
   and unvested restricted stock

 

575

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted weighted-average common shares outstanding

 

28,913

 

 

 

31,927

 

 

 

28,973

 

 

 

32,720

 

Net income (loss) available (attributable) to common stock

$

2,756

 

 

$

(981

)

 

$

(1,087

)

 

$

(15,526

)

Basic earnings (loss) per common share

$

0.10

 

 

$

(0.03

)

 

$

(0.04

)

 

$

(0.47

)

Diluted earnings (loss) per common share

$

0.10

 

 

$

(0.03

)

 

$

(0.04

)

 

$

(0.47

)

 

The diluted loss per share for the nine months ended September 30, 2022 did not include the antidilutive effect of 530,673 shares of unvested shares of restricted stock, restricted stock units, and performance share units. The diluted loss per share for the three and nine months ended September 30, 2021 did not include the antidilutive effect of 315,576 and 312,371 shares of unvested shares of restricted stock, restricted stock units, and performance share units, respectively.