Earnings (loss) per share (Tables)

9 Months Ended

Sep. 30, 2021

The following table reflects the calculation of basic and diluted earnings (loss) per share. During each period, certain stock options, as noted below, were excluded from the calculation of diluted earnings (loss) per share because their effect would have been antidilutive.


	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2021		2020		2021		2020
Earnings (loss) per share – basic:
Net income (loss)	$	12,501	$	29,444	$	48,955	$	(19,373)
Net income attributable to non-controlling interest	(37)		(27)		(99)		(46)
Net income (loss) attributable to Deluxe	12,464		29,417		48,856		(19,419)
Income allocated to participating securities	(9)		(24)		(36)		(42)
Income (loss) attributable to Deluxe available to common shareholders	$	12,455	$	29,393	$	48,820	$	(19,461)
Weighted-average shares outstanding	42,574		41,872		42,294		41,927
Earnings (loss) per share – basic	$	0.29	$	0.70	$	1.15	$	(0.46)

Earnings (loss) per share – diluted:
Net income (loss)	$	12,501	$	29,444	$	48,955	$	(19,373)
Net income attributable to non-controlling interest	(37)		(27)		(99)		(46)
Net income (loss) attributable to Deluxe	12,464		29,417		48,856		(19,419)
Income allocated to participating securities	(9)		—		(27)		(42)
Re-measurement of share-based awards classified as liabilities	(329)		—		(329)		(794)
Income (loss) attributable to Deluxe available to common shareholders	$	12,126	$	29,417	$	48,500	$	(20,255)
Weighted-average shares outstanding	42,574		41,872		42,294		41,927
Dilutive impact of potential common shares	457		119		453		40
Weighted-average shares and potential common shares outstanding	43,031		41,991		42,747		41,967
Earnings (loss) per share – diluted	$	0.28	$	0.70	$	1.13	$	(0.48)
Antidilutive options excluded from calculation	2,314		2,086		2,314		2,160