Earnings Per Share |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Earnings Per Share [Abstract] | |
| Earnings Per Share | 6. EARNINGS PER SHAREBasic earnings per share (“EPS”) is calculated using the average number of shares of common stock outstanding during each period. For the calculation of diluted shares, the Company assumes that restricted stock is outstanding on the date of vesting, and the Company assumes the issuance of shares from the exercise of stock options using the treasury stock method.A reconciliation of reported net income (loss) to net income (loss) used in calculating EPS as well as a reconciliation from basic to diluted shares follows: Year Ended December 31, 2021 2020 2019 (in thousands)Net income (loss) (numerator): Income (loss) from continuing operations$ 81,934 $ (48,083) $ (2,848)(Income) loss from continuing operations attributable to unvested shares (1,336) — 21Numerator for basic 80,598 (48,083) (2,827)Income from continuing operations attributable to unvested shares — — (21)Numerator for dilutive $ 80,598 $ (48,083) $ (2,848) Income (loss) from discontinued operations, net of tax$ (98) $ (98) $ 5,411(Income) loss from discontinued operations attributable to unvested shares 2 — (39)Numerator for basic (96) (98) 5,372(Income) loss from discontinued operations attributable to unvested shares — — 39Numerator for dilutive$ (96) $ (98) $ 5,411 Net income (loss)$ 81,836 $ (48,181) $ 2,563Net income attributable to unvested shares (1,334) — (18)Numerator for basic 80,502 (48,181) 2,545Net (income) loss attributable to unvested shares — — 18Numerator for dilutive$ 80,502 $ (48,181) $ 2,563 Weighted average shares (denominator): Basic weighted average shares outstanding 58,230 57,594 59,143Effect of dilutive securities 525 — —Diluted weighted average shares outstanding 58,755 57,594 59,143Stock options and unvested restricted stock grants excluded from dilutive calculation because they would be anti-dilutive 169 3,545 603 |