XML 48 R28.htm IDEA: XBRL DOCUMENT
v3.22.4

Earnings Per Share | 12 Months Ended
--- | ---
Dec. 31, 2022
Earnings Per Share Reconciliation [Abstract] |
Earnings Per Share | Earnings Per Share The components of basic and diluted earnings per share from continuing operations are as follows (in thousands, except share and per share data):
| Year ended December 31,
| 2022 |  | 2021 |  | 2020
Numerator for basic and diluted net income per common share: |  |  |  |  |
Net income from continuing operations | $ | 65,466 |  |  | $ | 401,395 |  |  | $ | 28,660 |
Net income available to participating securities (1) | (20) |  |  | (326) |  |  | (120) |
1.75% Convertible Notes interest expense (after-tax) (2) | — |  |  | — |  |  | — |
Net income available to the Company’s common shareholders from continuing operations | $ | 65,446 |  |  | $ | 401,069 |  |  | $ | 28,540 |
Denominator: |  |  |  |  |
Basic weighted-average outstanding shares of common stock | 46,954,558 |  |  | 45,893,928 |  |  | 46,308,825 |
Effect of dilution: |  |  |  |  |
Equity incentive plans | 71,291 |  |  | 311,585 |  |  | 7,537 |
Convertible debt (2) | — |  |  | 1,657,232 |  |  | 799,247 |
Diluted weighted-average outstanding shares of common stock | 47,025,849 |  |  | 47,862,745 |  |  | 47,115,609 |
Net income per share from continuing operations: |  |  |  |  |
Basic | $ | 1.39 |  |  | $ | 8.74 |  |  | $ | 0.62 |
Diluted | $ | 1.39 |  |  | $ | 8.38 |  |  | $ | 0.61 |
Weighted-average shares excluded from diluted weighted-average shares outstanding: |  |  |  |  |
Anti-dilutive stock options and restricted stock | — |  |  | — |  |  | — |
Anti-dilutive convertible debt | 5,158,071 |  |  | — |  |  | — |
(1)Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid). (2)Under the modified retrospective method of adoption of ASU 2020-06, the dilutive impact of convertible debt was calculated using the if-converted method for the year ended December 31, 2022. The dilutive impact of convertible debt was calculated using the treasury stock method for the years ended December 31, 2021 and 2020 (see Note 10 - Debt).

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareReconciliationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration