EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

The following table reflects the calculation of basic and diluted earnings (loss) per share. During each period, certain stock options, as noted below, were excluded from the calculation of diluted earnings (loss) per share because their effect would have been antidilutive.


(in thousands, except per share amounts)	2021		2020		2019
Earnings (loss) per share – basic:
Net income (loss)	$	62,772	$	5,335	$	(223,779)
Net income attributable to non-controlling interest	(139)		(91)		—
Net income (loss) attributable to Deluxe	62,633		5,244		(223,779)
Income allocated to participating securities	(46)		(53)		(101)
Income (loss) attributable to Deluxe available to common shareholders	$	62,587	$	5,191	$	(223,880)
Weighted-average shares outstanding	42,378		41,931		43,029
Earnings (loss) per share – basic	$	1.48	$	0.12	$	(5.20)

Earnings (loss) per share – diluted:
Net income (loss)	$	62,772	$	5,335	$	(223,779)
Net income attributable to non-controlling interest	(139)		(91)		—
Net income (loss) attributable to Deluxe	62,633		5,244		(223,779)
Income allocated to participating securities	(26)		(2)		(101)
Remeasurement of share-based awards classified as liabilities	(438)		(677)		—
Income (loss) attributable to Deluxe available to common shareholders	$	62,169	$	4,565	$	(223,880)
Weighted-average shares outstanding	42,378		41,931		43,029
Dilutive impact of potential common shares	449		211		—
Weighted-average shares and potential common shares outstanding	42,827		42,142		43,029
Earnings (loss) per share – diluted	$	1.45	$	0.11	$	(5.20)
Antidilutive options excluded from calculation	2,179		2,060		1,347