| Earnings Per Share [Text Block] |
16. Weighted Average Shares Outstanding and Net Income (Loss) Per Share
The following table presents a reconciliation of the weighted average shares of common stock used in calculating basic and diluted net income (loss) per share as well as the calculation of basic and diluted net income (loss) per share:
| | | Three Months Ended June 30, | | | Six Months Ended June 30, | |
| (in thousands, except per share amounts) | | 2022 | | | 2021 | | | 2022 | | | 2021 | |
| Numerator (basic and diluted) | | | | | | | | | | | | | | | | |
| Net income (loss) from continuing operations allocated to common shareholders | | $ | (2,370 | ) | | $ | 24,859 | | | $ | (21,405 | ) | | $ | (38,414 | ) |
| Net income from discontinued operations allocated to common shareholders | | | 19,521 | | | | 29,602 | | | $ | 25,617 | | | $ | 26,680 | |
| Net income (loss) allocated to common shareholders | | $ | 17,151 | | | $ | 54,461 | | | $ | 4,212 | | | $ | (11,734 | ) |
| Denominator | | | | | | | | | | | | | | | | |
| Weighted average common shares outstanding, basic | | | 44,534 | | | | 45,798 | | | | 45,128 | | | | 45,748 | |
| Dilutive effect of RSUs and convertible notes | | | — | | | | 454 | | | | — | | | | — | |
| Dilutive effect of 2.75% Convertible Notes | | | — | | | | 1,546 | | | | — | | | | — | |
| Weighted average common shares outstanding, diluted | | | 44,534 | | | | 47,798 | | | | 45,128 | | | | 45,748 | |
| Basic: |
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|
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|
|
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|
|
|
|
|
|
|
|
| Net income (loss) from continuing operations per share |
|
$ |
(0.05 |
) |
|
$ |
0.54 |
|
|
$ |
(0.47 |
) |
|
$ |
(0.84 |
) |
| Net income from discontinued operations per share |
|
|
0.44 |
|
|
|
0.65 |
|
|
|
0.57 |
|
|
|
0.58 |
|
| Net income (loss) per share |
|
$ |
0.39 |
|
|
$ |
1.19 |
|
|
$ |
0.10 |
|
|
$ |
(0.26 |
) |
| |
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| Diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) from continuing operations per share |
|
$ |
(0.05 |
) |
|
$ |
0.52 |
|
|
$ |
(0.47 |
) |
|
$ |
(0.84 |
) |
| Net income from discontinued operations per share |
|
|
0.44 |
|
|
|
0.62 |
|
|
|
0.57 |
|
|
|
0.58 |
|
| Net income (loss) per share |
|
$ |
0.39 |
|
|
$ |
1.14 |
|
|
$ |
0.10 |
|
|
$ |
(0.26 |
) |
Due to the net loss from continuing operations for the three months ended June 30, 2022 and the six months ended June 30, 2022 and 2021, RSUs representing 452,000, 493,000 and 503,000 shares, respectively, and the potential dilution from the 2.75% Convertible Notes converting into 7,309,000, 7,309,000 and 1,066,000 shares of common stock, respectively, (see Note 1) have been excluded from the number of shares used in calculating diluted net loss per share, as their inclusion would have been antidilutive.
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