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Net Earnings (Loss) per Common Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Net Earnings Per Share

Basic net earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Details of the calculations are as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income (loss)

 

$

(2,103

)

 

$

5,365

 

 

$

(1,873

)

 

$

4,593

 

Net income attributable to noncontrolling interest

 

 

154

 

 

 

 

 

 

154

 

 

 

 

Net income (loss) attributable to shareholders of

   Manitex International, Inc.

 

$

(2,257

)

 

$

5,365

 

 

$

(2,027

)

 

$

4,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(0.10

)

 

$

0.27

 

 

$

(0.09

)

 

$

0.23

 

Net income (loss) attributable to shareholders of

   Manitex International, Inc.

 

$

(0.11

)

 

$

0.27

 

 

$

(0.10

)

 

$

0.23

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(0.10

)

 

$

0.27

 

 

$

(0.09

)

 

$

0.23

 

Net income (loss) attributable to shareholders of

   Manitex International, Inc.

 

$

(0.11

)

 

$

0.27

 

 

$

(0.10

)

 

$

0.23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

20,058,966

 

 

 

19,902,617

 

 

 

20,012,735

 

 

 

19,873,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

20,058,966

 

 

 

19,902,617

 

 

 

20,012,735

 

 

 

19,873,840

 

Dilutive effect of restricted stock units and stock options

 

 

 

 

 

86,210

 

 

 

 

 

 

73,725

 

Basic and Dilutive

 

 

20,058,966

 

 

 

19,988,827

 

 

 

20,012,735

 

 

 

19,947,565

 

Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share

 

 

 

As of June 30,

 

 

 

2022

 

 

2021

 

Unvested restricted stock units

 

 

303,825

 

 

 

296,215

 

Options to purchase common stock

 

 

197,437

 

 

 

97,437

 

 

 

 

501,262

 

 

 

393,652