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Net (Loss) Income Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share Net (Loss) Income Per Share
Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding during each period. Restricted shares have non-forfeitable rights to dividends and as a result, are considered participating securities for purposes of computing net income per common share pursuant to the two-class method. Diluted net income per common share assumes the exercise of outstanding stock options and the vesting of performance share awards using the treasury stock method when the effects of such assumptions are dilutive.

A reconciliation of net income attributable to Forward Air and weighted-average common shares outstanding for purposes of calculating basic and diluted net income per share during the three and nine months ended September 30, 2024 and 2023 is as follows:
 Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Numerator:  
Net (loss) income from continuing operations$(72,271)$6,493 $(774,540)$57,524 
Net (loss) income from discontinued operation(1,137)2,795 (6,013)8,083 
Net (loss) income attributable to Forward Air(73,408)9,288 (780,553)65,607 
Income allocated to participating securities from continuing operations— (40)— (313)
Income allocated to participating securities from discontinued operation— (17)— (44)
Income allocated to participating securities— (57)— (357)
Numerator for basic and diluted net (loss) income per share for continuing operations$(73,101)$6,453 $(775,347)$57,211 
Numerator for basic and diluted net income per share for discontinued operation$(1,137)$2,778 $(6,013)$8,039 
Denominator:  
Denominator for basic net (loss) income per share - weighted-average number of common shares outstanding27,941 25,697 26,983 25,995 
Dilutive stock options and performance share awards— 74 — 101 
Denominator for diluted net (loss) income per share - weighted-average number of common shares and common share equivalents outstanding27,941 25,771 26,983 26,096 
Basic net (loss) income per share attributable to Forward Air:
     Continuing operations$(2.62)$0.25 $(28.73)$2.20 
     Discontinued operation(0.04)0.11 (0.22)0.31 
Net (loss) income per basic share$(2.66)$0.36 $(28.95)$2.51 
Diluted net (loss) income per share attributable to Forward Air:
     Continuing operations$(2.62)$0.25 $(28.73)$2.19 
     Discontinued operation(0.04)0.11 (0.22)0.31 
Net (loss) income per diluted share1
$(2.66)$0.36 $(28.95)$2.50 

1Rounding may impact summation of amounts.
The number of shares that were not included in the calculation of net income per diluted share because to do so would have been anti-dilutive for the three and nine months ended September 30, 2024 and 2023 are as follows:
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Anti-dilutive stock options287 112 287 105 
Anti-dilutive performance shares7 18 13 16 
Anti-dilutive restricted shares and deferred stock units166 72 166 61 
Total anti-dilutive shares460 202 466 182