Earnings per Share

3 Months Ended

Mar. 31, 2021

Earnings per share

Income (Loss) Per Share

9.      Earnings per Share

Basic earnings per share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average shares of common stock outstanding during the period, without consideration for common stock equivalents. The Company excluded 1,055,996 and 2,704,772 equity awards for the three months ended March 31, 2021 and 2020, respectively as inclusion would be anti-dilutive.

The basic and diluted earnings per share calculations for the three months ended March 31, 2021 and 2020, respectively, are presented below (in thousands, except per share amounts):

	Three Months Ended
	March 31,
	2021		2020
Numerator - Basic
Net income (loss)	$	2,661	$	(9,232)
Net income (loss) attributable to noncontrolling interest		123		(16)
Net income (loss) attributable to common stockholder	$	2,538	$	(9,216)
Numerator - Dilutive
Net income (loss)	$	2,661	$	(9,232)
Net income (loss) attributable to noncontrolling interest		(17)		(16)
Net income (loss) attributable to common stockholder	$	2,678	$	(9,216)
Basic weighted average of outstanding shares of common stock		49,975		49,217
Dilutive effect of equity awards		1,078		—
Dilutive effect of assumed subsidiary share conversion		471		—
Diluted weighted average of outstanding shares of common stock		51,524		49,217
Basic earnings (loss) per share	$	0.05	$	(0.19)
Diluted earnings (loss) per share	$	0.05	$	(0.19)