Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2022

Diluted weighted average shares is calculated as basic weighted average shares plus the effect, calculated using the treasury stock method, of assuming that restricted share units and performance share units have vested. The following table provides a reconciliation between the Company's basic weighted average number of common shares outstanding to its diluted weighted average number of common shares outstanding:


(In thousands, except per share data)	Three Months Ended June 30				Six Months Ended June 30
	2022		2021		2022		2021
Weighted average number of common shares outstanding, basic	54,068		53,965		54,040		53,942
Dilutive effect of securities:
Restricted Share Units	104		81		109		78
Performance Share Units	14		2		16		3


Weighted average number of common shares outstanding, diluted	54,186		54,048		54,165		54,023
Effect of dilutive shares on earnings (loss) per share	$	—	$	(0.01)	$	—	$	—

The diluted weighted average number of common shares outstanding for the three and six months ended June 30, 2022 excluded approximately 4,000 and 2,000, respectively, of common share equivalents issuable under the Company's stock compensation plans, as compared to approximately 37,000 and 19,000 during the same respective periods of 2021, as their effect would have been antidilutive.

Dilutive common share equivalents are reflected in the earnings (loss) per share calculation while antidilutive common share equivalents are not reflected in the earnings (loss) per share calculation. For the three and six months ended June 30, 2022, all incremental common share equivalents were not included in the computation of diluted earnings (loss) per share because to do so would have been antidilutive for the period.