(Loss) Earnings per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

(Loss) Earnings per Share

Note 19 – (Loss) Earnings per Share

The calculations of basic and diluted (loss) earnings per share for the years ended December 31, 2021, 2020 and 2019 are as follows:

(In thousands, except for per share amounts)	2021			2020		2019
Numerator
Net (Loss) Income	$	(8,635	)	$	2,378	$	(52,982	)
Denominator
Weighted average number of shares – basic		48,582			47,996		47,836
Effect of dilutive securities:
Stock options		—			—		—
PSUs, RSUs and restricted stock		—			292		—
Weighted average number of shares – diluted		48,582			48,288		47,836
(Loss) earnings per share – basic	$	(0.18	)	$	0.05	$	(1.11	)
(Loss) earnings per share – diluted	$	(0.18	)	$	0.05	$	(1.11	)

For the years ended December 31, 2021, 2020 and 2019, less than 0.1 million, 0.1 million and 0.5 million shares, respectively, of unvested or unearned, as applicable, PSUs, RSUs and restricted stock were excluded from the calculation of diluted (loss) earnings per share due to their anti-dilutive effect.

For the year ended December 31, 2021, 2020 and 2019, 0.3 million, 3.6 million and 5.2 million stock options, respectively, were outstanding but were not included in the computation of diluted (loss) earnings per share due to their exercise prices being greater than the average market price of the common shares during the quarter, making them anti-dilutive under the treasury stock method.