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Earnings Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share 14. EARNINGS PER SHARE Basic earnings per share, or EPS, is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. The company computed diluted EPS by dividing net income on an if-converted basis, adjusted to add back net interest expense related to the convertible debt instruments, by the weighted average number of common shares outstanding during the period, adjusted to include the shares that would be issued if the convertible debt instruments were converted to common shares and the effect of any outstanding dilutive securities. In addition, due to the presentation of GPCC as discontinued operations, the company has presented basic and diluted earnings per share from both continuing operations and from discontinued operations. The basic and diluted EPS are calculated as follows (in thousands): Year Ended December 31, 2021 2020 2019Basic EPS: Net loss from continuing operations (1)$ (65,992) $ (108,775) $ (167,689)Net income from discontinued operations - - 829 Net loss attributable to Green Plains$ (65,992) $ (108,775) $ (166,860) Weighted average shares outstanding - basic 46,652  34,631  38,111  EPS from continuing operations - basic$ (1.41) $ (3.14) $ (4.40)EPS from discontinued operations - basic - - 0.02 EPS - basic$ (1.41) $ (3.14) $ (4.38) Diluted EPS: (2) Net loss from continuing operations (1)$ (65,992) $ (108,775) $ (167,689)Net income from discontinued operations - - 829 Net loss attributable to Green Plains$ (65,992) $ (108,775) $ (166,860) Weighted average shares outstanding - basic 46,652  34,631  38,111 Effect of dilutive convertible debt: Effect of dilutive stock-based compensation awards - - -Weighted average shares outstanding - diluted 46,652  34,631  38,111  EPS from continuing operations - diluted$ (1.41) $ (3.14) $ (4.40)EPS from discontinued operations - diluted - - 0.02 EPS - diluted$ (1.41) $ (3.14) $ (4.38) Anti-dilutive weighted-average convertible debt and stock-based compensation (3) 12,952  14,089  10,560  (1)Net loss from continuing operations can be recalculated from the consolidated statements of operations by taking the net loss from continuing operations including noncontrolling interest less net income attributable to noncontrolling interests.(2)The effect related to interest and amortization on convertible debt on an if converted basis has been excluded from diluted EPS for the periods presented as the inclusion of these effects would have been antidilutive.(3)The effect related to the company’s convertible debt and certain stock-based compensation awards has been excluded from diluted EPS for the periods presented as the inclusion of these shares would have been antidilutive.