Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

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


	Three Months Ended March 31,
(in thousands, except per share data)		2023		2022
Numerator:
Net earnings (loss)		$	47,330	$	(4,237)
Denominator:
Weighted-average shares outstanding		55,157		53,751
Effect of dilutive stock awards(1) (2)		1,280		—
Weighted-average dilutive shares		56,437		53,751

Basic earnings (loss) per common share		$	0.86	$	(0.08)
Diluted earnings (loss) per common share(1) (2)		$	0.84	$	(0.08)
Anti-dilutive securities excluded from diluted earnings (loss) per common share:
Anti-dilutive restricted share units		336		5,959
Anti-dilutive performance share units		790		984
Anti-dilutive stock options		418		1,068

(1) Weighted-average dilutive shares outstanding for the three months ended March 31, 2023 and 2022, includes approximately 0.7 million and 5.2 million common shares, respectively, issued in connection with the acquisition of Acima Holdings and subject to vesting conditions under restricted stock agreements.

(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.