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Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

13.Earnings (Loss) Per Share

 

The following is a reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share for the three months ended March 31, 2022 and 2021:

 

(In thousands except per share data)

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

Income from continuing operations - numerator for earnings (loss) per share

 

$

644

 

 

$

19,944

 

Loss from discontinued operations - numerator for earnings (loss) per share

 

 

(63

)

 

 

(808

)

Net income

 

$

581

 

 

$

19,136

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Shares used for basic income (loss) per share

 

 

49,838

 

 

 

49,222

 

Effect of dilutive stock options and stock units outstanding:

 

 

 

 

 

 

 

 

Non-qualified stock options

 

 

77

 

 

 

62

 

Restricted stock units

 

 

363

 

 

 

844

 

Performance-based stock units

 

 

 

 

 

61

 

Market stock units

 

 

279

 

 

 

151

 

Shares used for diluted income (loss) per share

 

 

50,557

 

 

 

50,340

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic:

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.01

 

 

$

0.41

 

Discontinued operations

 

$

(0.00

)

 

$

(0.02

)

Net income

 

$

0.01

 

 

$

0.39

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - diluted:

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.01

 

 

$

0.40

 

Discontinued operations

 

$

(0.00

)

 

$

(0.02

)

Net income

 

$

0.01

 

 

$

0.38

 

 

 

 

 

 

 

 

 

 

Dilutive securities outstanding not included in the computation of earnings per share because their effect is anti-dilutive:

 

 

 

 

 

 

 

 

Non-qualified stock options

 

 

262

 

 

 

268

 

Restricted stock units

 

 

35

 

 

 

9

 

 

 

 

 

Market stock units and performance-based stock units outstanding are considered contingently issuable shares, and certain of these stock units were excluded from the calculations of diluted earnings per share as the performance criteria had not been met as of the end of the applicable reporting period.