Earnings per Share

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

We utilize the treasury stock method to calculate the impact on diluted earnings per share that potentially dilutive stock-based compensation awards have. The following table indicates the computation of basic and diluted earnings per share:


	Three Months Ended March 31,
(in thousands, except per share amounts)	2021		2020
Calculation of net income per share:
Income from continuing operations	$	3,049	$	150
Income from discontinued operations, net of tax	$	48,472	$	13,130
Net income	$	51,521	$	13,280
Basic weighted average shares outstanding	49,947		49,888
Basic net income per share - continuing operations	$	0.06	$	—
Basic net income per share - discontinued operations	$	0.97	$	0.27
Basic net income per share	$	1.03	$	0.27

Effect of stock-based compensation awards outstanding:
Basic weighted average shares outstanding	49,947		49,888
Effect from dilutive shares and options outstanding	134		148
Diluted weighted average shares outstanding	50,081		50,036
Diluted net income per share - continuing operations	$	0.06	$	—
Diluted net income per share - discontinued operations	$	0.97	$	0.27
Diluted net income per share	$	1.03	$	0.27

There were fewer than 100 thousand anti-dilutive awards outstanding during three months ended March 31, 2021 and 2020.