Note 13. Earnings (Loss) Per Share
Basic earnings (loss) per share includes no dilution and is computed by dividing net income or loss applicable to common stock by the weighted-average number of common shares outstanding for the respective period. Diluted earnings per share includes the impact of dilutive securities such as unvested shares of restricted stock, restricted stock units, and performance share units. The follo wing tables present the computations of basic and diluted earnings (loss) per share for the periods indicated:
| Three Months Ended June 30, |
|
| Six Months Ended June 30, |
| ||||||||||
(Shares in thousands) | 2021 |
|
| 2020 |
|
| 2021 |
|
| 2020 |
| ||||
Basic weighted-average common shares outstanding |
| 33,066 |
|
|
| 36,618 |
|
|
| 33,123 |
|
|
| 36,665 |
|
Performance share units, unvested restricted stock units, and unvested restricted stock |
| — |
|
|
| 48 |
|
|
| — |
|
|
| — |
|
Diluted weighted-average common shares outstanding |
| 33,066 |
|
|
| 36,666 |
|
|
| 33,123 |
|
|
| 36,665 |
|
Net (loss) income (attributable) available to common stock | $ | (7,782 | ) |
| $ | 9,476 |
|
| $ | (14,545 | ) |
| $ | (85,468 | ) |
Basic (loss) earnings per common share | $ | (0.24 | ) |
| $ | 0.26 |
|
| $ | (0.44 | ) |
| $ | (2.33 | ) |
Diluted (loss) earnings per common share | $ | (0.24 | ) |
| $ | 0.26 |
|
| $ | (0.44 | ) |
| $ | (2.33 | ) |
The diluted loss per share for the three months and six months ended June 30, 2021 did not include the antidilutive effect of 358,127 and 310,769 shares of unvested shares of restricted stock, restricted stock units, and performance share units, respectively. The diluted loss per share for the six months ended June 30, 2020 did not include the antidilutive effect of 76,836 shares of unvested shares of restricted stock, restricted stock units, and performance share units.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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