Net Income (Loss) per Common Share

6 Months Ended

Jun. 30, 2021

The following summarizes the calculation of net income (loss) per common share attributable to common shareholders for the three and six months ended June 30, 2021 and 2020:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2021		2020		2021		2020
Income (loss) from continuing operations, net of tax	$	65,896	$	161	$	135,486	$	(8,748)
Loss from discontinued operations, net of tax	—		(55,788)		—		(58,203)
Net income (loss)	$	65,896	$	(55,627)	$	135,486	$	(66,951)

Weighted average shares outstanding - basic	72,818		61,128		72,474		60,819
Dilutive shares	2,987		—		2,791		—
Weighted average shares outstanding - diluted	75,805		61,128		75,265		60,819

Basic income (loss) per common share:
Income (loss) from continuing operations	$	0.90	$	—	$	1.87	$	(0.14)
Loss from discontinued operations	—		(0.91)		—		(0.96)
Net income (loss)	$	0.90	$	(0.91)	$	1.87	$	(1.10)

Diluted income (loss) per common share:
Income (loss) from continuing operations	$	0.87	$	—	$	1.80	$	(0.14)
Loss from discontinued operations	—		(0.91)		—		(0.96)
Net income (loss)	$	0.87	$	(0.91)	$	1.80	$	(1.10)