Earnings per Share (EPS)

3 Months Ended

Mar. 31, 2022

The calculation of basic and diluted earnings per share is presented below. The sum of the earnings per share amounts may not equal the totals due to rounding.


	Three Months Ended March 31,
		2022		2021
Numerator:
Income (loss) from continuing operations		$	20,821	$	(27,655)
Loss from discontinued operations, net of tax		—		(3,886)


Net income (loss)		$	20,821	$	(31,541)
Denominator:
Weighted-average shares used in basic EPS		174,115		172,856
Dilutive effect of common stock equivalents (1)		3,919		—
Weighted-average shares used in diluted EPS		178,034		172,856
Basic earnings (loss) per share:
Continuing operations		$	0.12	$	(0.16)
Discontinued operations		—		(0.02)
Net income (loss)		$	0.12	$	(0.18)
Diluted earnings (loss) per share:
Continuing operations		$	0.12	$	(0.16)
Discontinued operations		—		(0.02)
Net income (loss)		$	0.12	$	(0.18)

Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive:		9,590		6,440

(1) Due to the net loss for the three months ended March 31, 2021, common stock equivalents of 5,804 were also excluded from the calculation of diluted earnings per share.