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 | | | | | |
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