Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2024

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2024		2023		2024		2023
Numerator:
Net earnings (loss)	$	33,949	$	(45,618)	$	61,636	$	1,712
Denominator:
Weighted-average shares outstanding	54,650		55,242		54,597		55,199
Effect of dilutive stock awards(1) (2)	1,192		—		1,231		1,375
Weighted-average dilutive shares	55,842		55,242		55,828		56,574

Basic earnings (loss) per common share	$	0.62	$	(0.83)	$	1.13	$	0.03
Diluted earnings (loss) per common share(1)	$	0.61	$	(0.83)	$	1.10	$	0.03
Anti-dilutive securities excluded from diluted earnings (loss) per common share:
Anti-dilutive restricted share units	1		624		1		47
Anti-dilutive performance share units	488		1,334		488		789
Anti-dilutive stock options	57		739		57		225

(1) Weighted-average dilutive shares outstanding for the six months ended June 30, 2023, includes approximately 0.7 million common shares, 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 June 30, 2023 due to the net loss incurred for the period.