Income (Loss) per Share

12 Months Ended

Dec. 31, 2022

Income (Loss) per Share

Income (Loss) per Share

15.      Income (Loss) per Share

Basic earnings (loss) 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. Prior to the offering, there were no common stock equivalents which could have had a dilutive effect on earnings (loss) per share. The Company excluded 4,558,511, 445,972 and 614,143 equity awards from our diluted shares for the years ended December 31, 2022, 2021 and 2020, respectively as inclusion would be anti-dilutive.

The basic and diluted earnings per share calculations for the years ended December 31, 2022, 2021 and 2020, respectively, are presented below (in thousands, except per share amounts):

	Year Ended December 31,
	2022		2021		2020
Numerator - Basic
Net income (loss)	$	(42,394)	$	11,141	$	17,632
Net income (loss) attributable to noncontrolling interest		1,594		271		(920)
Net income (loss) attributable to common stockholders	$	(43,988)	$	10,870	$	18,552
Numerator - Dilutive
Net income (loss)	$	(42,394)	$	11,141	$	17,632
Net income (loss) attributable to noncontrolling interest		1,594		(74)		(69)
Net income (loss) attributable to common stockholders	$	(43,988)	$	11,215	$	17,701
Basic weighted average of outstanding shares of common stock		51,311		50,370		49,528
Dilutive effect of equity awards		—		918		826
Dilutive effect of assumed subsidiary share conversion		—		879		320
Diluted weighted average of outstanding shares of common stock		51,311		52,167		50,674
Basic earnings (loss) per share	$	(0.86)	$	0.22	$	0.37
Diluted earnings (loss) per share	$	(0.86)	$	0.21	$	0.35