Earnings (loss) per share

3 Months Ended

Mar. 31, 2021

The following table reflects the calculation of basic and diluted earnings (loss) per share. During each period, certain stock options, as noted below, were excluded from the calculation of diluted earnings (loss) per share because their effect would have been antidilutive.


	Quarter Ended March 31,
(in thousands, except per share amounts)	2021		2020
Earnings (loss) per share – basic:
Net income (loss)	$	24,325	$	(60,131)
Net income attributable to non-controlling interest	(33)		—
Net income (loss) attributable to Deluxe	24,292		(60,131)
Income allocated to participating securities	(19)		(21)
Income (loss) attributable to Deluxe available to common shareholders	$	24,273	$	(60,152)
Weighted-average shares outstanding	42,046		42,028
Earnings (loss) per share – basic	$	0.58	$	(1.43)

Earnings (loss) per share – diluted:
Net income (loss)	$	24,325	$	(60,131)
Net income attributable to non-controlling interest	(33)		—
Net income (loss) attributable to Deluxe	24,292		(60,131)
Income allocated to participating securities	—		(21)
Re-measurement of share-based awards classified as liabilities	—		(775)
Income (loss) attributable to Deluxe available to common shareholders	$	24,292	$	(60,927)
Weighted-average shares outstanding	42,046		42,028
Dilutive impact of potential common shares	458		37
Weighted-average shares and potential common shares outstanding	42,504		42,065
Earnings (loss) per share – diluted	$	0.57	$	(1.45)
Antidilutive options excluded from calculation	2,423		2,214