Earnings per Share

6 Months Ended

Jun. 30, 2022

Earnings per Share

Income (Loss) per Share

9.      Earnings per Share

Basic earnings per share is calculated by dividing net income (loss) attributable to controlling interest by the weighted average shares of common stock outstanding during the period, without consideration for common stock equivalents. The Company excluded 5,428,629 equity awards for the three and six months ended June 30, 2022 and 302,524 and 500,438 for the three and six months ended June 31, 2021, respectively, as inclusion would be anti-dilutive.

The basic and diluted earnings per share calculations for the three and six months ended June 30, 2022 and 2021, respectively, are presented below (in thousands, except per share amounts):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Numerator - Basic
Net income (loss)	$	46	$	19,097	$	(8,927)	$	21,758
Net income attributable to noncontrolling interest		600		1		529		124
Net income (loss) attributable to common stockholder	$	(554)	$	19,096	$	(9,456)	$	21,634
Numerator - Dilutive
Net income (loss)	$	46	$	19,097	$	(8,927)	$	21,758
Net loss attributable to noncontrolling interest		600		(18)		529		(35)
Net income (loss) attributable to common stockholder	$	(554)	$	19,115	$	(9,456)	$	21,793
Basic weighted average of outstanding shares of common stock		51,221		50,334		51,036		50,156
Dilutive effect of equity awards		—		996		—		1,031
Dilutive effect of assumed subsidiary share conversion		—		518		—		518
Diluted weighted average of outstanding shares of common stock		51,221		51,848		51,036		51,705
Basic earnings (loss) per share	$	(0.01)	$	0.38	$	(0.19)	$	0.43
Diluted earnings (loss) per share	$	(0.01)	$	0.37	$	(0.19)	$	0.42