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Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
A reconciliation of net income attributable to Forward Air and weighted-average common shares outstanding for purposes of calculating basic and diluted net income per share during the three and nine months ended September 30, 2021 and 2020 is as follows:
 Three Months EndedNine Months Ended
September 30,
2021
September 30,
2020
September 30,
2021
September 30,
2020
Numerator:  
Net income and comprehensive income from continuing operations$30,503 $16,992 $77,894 $37,634 
Net loss and comprehensive loss from discontinued operation(6,967)(345)(12,500)(9,458)
Net income attributable to Forward Air$23,536 $16,647 $65,394 $28,176 
Income allocated to participating securities(235)(150)(541)(184)
Numerator for basic and diluted net income per share for continuing operations$30,268 $16,842 $77,353 $37,450 
Numerator for basic and diluted net loss per share for discontinued operation$(6,967)$(345)$(12,500)$(9,458)
Denominator:  
Denominator for basic net income per share - weighted-average number of common shares outstanding27,034 27,559 27,217 27,732 
Dilutive stock options and performance share awards110 47 134 57 
Denominator for diluted net income per share - weighted-average number of common shares and common share equivalents outstanding27,144 27,606 27,351 27,789 
Basic net income (loss) per share:
     Continuing operations$1.12 $0.61 $2.84 $1.35 
     Discontinued operation(0.26)(0.01)(0.46)(0.34)
Net income per basic share1
$0.86 $0.60 $2.39 $1.01 
Diluted net income (loss) per share:
     Continuing operations$1.12 $0.61 $2.83 $1.35 
     Discontinued operation(0.26)(0.01)(0.46)(0.34)
Net income per diluted share$0.86 $0.60 $2.37 $1.01 

1 Rounding may impact summation of amounts.
The number of shares that were not included in the calculation of net income per diluted share because to do so would have been anti-dilutive for the three and nine months ended September 30, 2021 and 2020 are as follows:
Three Months EndedNine Months Ended
September 30,
2021
September 30,
2020
September 30,
2021
September 30,
2020
Anti-dilutive stock options39 219 39 219 
Anti-dilutive performance shares— 17 — 31 
Anti-dilutive restricted shares and deferred stock units— — 100 
Total anti-dilutive shares39 242 39 350