Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2021

EARNINGS (LOSS) PER SHARE

The following are the components and results of Customers' earnings (loss) per common share calculations for the periods presented.


	Three Months Ended June 30,				Six Months Ended June 30,
(amounts in thousands, except share and per share data)	2021		2020		2021		2020
Net income from continuing operations available to common shareholders	$	58,042	$	21,395	$	129,282	$	26,233
Net loss from discontinued operations	—		(2,258)		(38,036)		(7,612)
Net income available to common shareholders	$	58,042	$	19,137	$	91,246	$	18,621

Weighted-average number of common shares outstanding – basic	32,279,625		31,477,591		32,082,878		31,434,371
Share-based compensation plans	1,461,843		148,180		1,211,197		191,298

Weighted-average number of common shares – diluted	33,741,468		31,625,771		33,294,075		31,625,669

Basic earnings (loss) per common share from continuing operations	$	1.80	$	0.68	$	4.03	$	0.83
Basic earnings (loss) per common share from discontinued operations	—		(0.07)		(1.19)		(0.24)
Basic earnings (loss) per common share	1.80		0.61		2.84		0.59

Diluted earnings (loss) per common share from continuing operations	$	1.72	$	0.68	$	3.88	$	0.83
Diluted earnings (loss) per common share from discontinued operations	—		(0.07)		(1.14)		(0.24)
Diluted earnings (loss) per common share	1.72		0.61		2.74		0.59

The following are securities that could potentially dilute basic earnings per common share in future periods that were not included in the computation of diluted earnings per common share because either the performance conditions for certain of the share-based compensation awards have not been met or to do so would have been anti-dilutive for the periods presented.


	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
Share-based compensation awards	711,000	3,813,959	463,145	3,674,506