Earnings per Share

6 Months Ended

Jun. 30, 2020

Earnings per share

Income (Loss) Per Share

8.      Earnings per Share

Basic earnings per share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average shares of common stock outstanding during the period, without consideration for common stock equivalents. The Company excluded 1,627,104 and 2,372,573 equity awards for the three and six months ended June 30, 2020, respectively and 759,513 and 712,750 for the three and six months ended June 30, 2019, respectively as inclusion would be anti-dilutive.

The basic and diluted earnings per share calculations for the three and six months ended June 30, 2020 and 2019, respectively, are presented below (in thousands, except per share amounts):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Numerator - Basic
Net income (loss)	$	9,028	$	2,986	$	(204)	$	8,005
Net income (loss) attributable to noncontrolling interest		(470)		314		(486)		612
Net income attributable to common stockholder	$	9,498	$	2,672	$	282	$	7,393
Numerator - Dilutive
Net income (loss)	$	9,028	$	2,986	$	(204)	$	8,005
Net income (loss) attributable to noncontrolling interest		(20)		314		(36)		612
Net income (loss) attributable to common stockholder	$	9,048	$	2,672	$	(168)	$	7,393
Basic weighted average of outstanding shares of common stock		49,499		48,742		49,358		48,569
Dilutive effect of equity awards		396		570		—		615
Dilutive effect of assumed subsidiary share conversion		320		—		160		—
Diluted weighted average of outstanding shares of common stock		50,215		49,312		49,518		49,184
Basic earnings per share	$	0.19	$	0.05	$	0.01	$	0.15
Diluted earnings (loss) per share	$	0.18	$	0.05	$	(0.00)	$	0.15