(Loss) Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Summarized basic and diluted (loss) earnings per common share were calculated as follows:


	Three Months Ended March 31,
(in thousands, except per share data)		2022		2021
Numerator:
Net (loss) earnings		$	(4,237)	$	42,552
Denominator:
Weighted-average shares outstanding(1)		53,751		56,247
Effect of dilutive stock awards(2)		—		10,048
Weighted-average dilutive shares		53,751		66,295

Basic (loss) earnings per common share		$	(0.08)	$	0.76
Diluted (loss) earnings per common share(2)		$	(0.08)	$	0.64
Anti-dilutive securities excluded from diluted earnings per common share:
Anti-dilutive restricted share units(3)		5,959		—
Anti-dilutive performance share units(3)		984		—
Anti-dilutive stock options(3)		1,068		—

(1) Weighted-average shares outstanding for the three months ended March 31, 2021 includes approximately 1.3 million common shares issued in connection with the acquisition of Acima Holdings in February 2021. See Note 2 for additional information.

(2) There was no dilutive effect to the loss per common share for the three months ended March 31, 2022 due to the net loss incurred for the period.

(3) Includes 5.2 million unvested shares subject to restricted stock agreements related to the Aggregate Stock Consideration issued to the former owners of Acima Holdings at the time of acquisition. There were no anti-dilutive stock awards for the three months ended March 31, 2021.