(Loss) Earnings Per Common Share

12 Months Ended

Dec. 31, 2023

Earnings Per Common Share [Abstract]

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


	Year Ended December 31,
(in thousands, except per share data)	2023		2022		2021
Numerator:
Net (loss) earnings	$	(5,179)	$	12,357	$	134,940
Denominator:
Weighted-average shares outstanding	54,978		53,850		57,053
Effect of dilutive stock awards (1) (2)	—		5,116		9,786
Weighted-average dilutive shares	54,978		58,966		66,839

Basic (loss) earnings per common share	$	(0.09)	$	0.23	$	2.37
Diluted (loss) earnings per common share	$	(0.09)	$	0.21	$	2.02
Anti-dilutive securities excluded from diluted (loss) earnings per common share:
Anti-dilutive time-vesting restricted share units (3)	1,163		80		32
Anti-dilutive performance share units	1,292		197		107
Anti-dilutive stock options	656		448		295

(1) There was no dilutive effect to the loss per common share for the year ended December 31, 2023 due to the net loss incurred for the period.

(2) Weighted-average dilutive shares outstanding for the years ended December 31, 2022 and 2021, includes approximately 3.7 million and 7.9 million common shares, respectively, issued in connection with the acquisition of Acima Holdings and subject to vesting conditions under restricted stock agreements

(2) Anti-dilutive performance share units for the year ended December 31, 2023 includes approximately 0.4 million common shares issued in connection with the acquisition of Acima Holdings and subject to vesting conditions under restricted stock agreements.