Earnings per share

12 Months Ended

Dec. 31, 2022

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Earnings Per Share [Text Block]

NOTE 15 - EARNINGS PER SHARE

Basic earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted earnings per share is similarly computed except that the denominator includes the effect, using the treasury stock method, of unvested stock-based employee awards, convertible notes (if applicable) and shares held pursuant to our non-employee director deferred compensation plan, if including such potential shares of common stock is dilutive.

The following table presents our weighted average basic and diluted shares outstanding for the periods presented:

	Year Ended December 31,
	2022	2021	2020
	(in thousands)
Weighted average common shares outstanding - basic	94,796	98,546	98,251
Dilutive effect of:
RSUs and PSUs	1,352	1,596	—
Other equity-based awards	26	12	—
Weighted average common shares and equivalents outstanding - diluted	96,174	100,154	98,251

We reported a net loss for the year ended December 31, 2020, and as a result, our basic and diluted weighted average common shares outstanding were the same for the period because the effect of the common share equivalents were anti-dilutive.

The following table presents the weighted average common share equivalents excluded from the calculation of diluted earnings per share due to their anti-dilutive effect for the periods presented:

	Year Ended December 31,
	2022	2021	2020
	(in thousands)
Weighted average common share equivalents excluded from diluted earnings per share due to their anti-dilutive effect:
RSUs and PSUs	144	28	1,707
Other equity-based awards	32	116	229
Total anti-dilutive common share equivalents	176	144	1,936