XML 55 R45.htm IDEA: XBRL DOCUMENT v3.23.3

Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Reconciliation from Basic to Diluted Weighted Average Shares Outstanding

The reconciliation from basic to diluted weighted average shares outstanding is as follows:

						Three months ended September 30,												Nine months ended September 30,
						2023						2022						2023						2022
Weighted average shares outstanding – Basic						116,446,085						132,622,105						119,042,161						136,115,598
Dilutive effect of unvested common shares and restricted stock units with service conditions, performance stock units considered probable of vesting and assumed stock option exercises and conversions						928,262						1,474,734						1,374,971						1,550,617
Weighted average shares outstanding – Diluted						117,374,347						134,096,839						120,417,132						137,666,215

Calculation of Basic and Diluted Earnings per Share

Basic and diluted income per share are calculated as follows:

						Three months ended September 30,												Nine months ended September 30,
						2023						2022						2023						2022
Numerator:
Net income						$	16,574					$	21,325					$	41,225					$	48,445
Denominator:
Weighted average shares outstanding – Basic						116,446,085						132,622,105						119,042,161						136,115,598
Weighted average shares outstanding – Diluted						117,374,347						134,096,839						120,417,132						137,666,215
Net income per share:
Basic income per share						$	0.14					$	0.16					$	0.35					$	0.36
Diluted income per share						$	0.14					$	0.16					$	0.34					$	0.35

Anti-dilutive Shares

The table below presents the details of the Company’s weighted average equity-based awards outstanding during each respective period that were excluded from the calculation of diluted earnings per share:

						Three months ended September 30,												Nine months ended September 30,
						2023						2022						2023						2022
Restricted stock awards with performance only targets not achieved						—						505,439						65,966						574,048
Stock options with performance only targets not achieved						—						300,788						68,890						316,187
Anti-dilutive restricted stock units and performance stock units						—						487,322						—						19,306
Anti-dilutive stock options						454,461						751,539						556,114						788,509

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration