(Loss) earnings per share (Tables)

9 Months Ended

Sep. 30, 2023

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


	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2023		2022		2023		2022
(Loss) earnings per share – basic:
Net (loss) income	$	(7,957)	$	14,760	$	11,224	$	46,536
Net income attributable to non-controlling interest	(26)		(35)		(80)		(106)
Net (loss) income attributable to Deluxe	(7,983)		14,725		11,144		46,430
Income allocated to participating securities	(9)		(10)		(29)		(33)
(Loss) income attributable to Deluxe available to common shareholders	$	(7,992)	$	14,715	$	11,115	$	46,397
Weighted-average shares outstanding	43,663		43,116		43,498		42,974
(Loss) earnings per share – basic	$	(0.18)	$	0.34	$	0.26	$	1.08

(Loss) earnings per share – diluted:
Net (loss) income	$	(7,957)	$	14,760	$	11,224	$	46,536
Net income attributable to non-controlling interest	(26)		(35)		(80)		(106)
Net (loss) income attributable to Deluxe	(7,983)		14,725		11,144		46,430
Income allocated to participating securities	(9)		—		(29)		(22)
Re-measurement of share-based awards classified as liabilities	—		(162)		—		(507)
(Loss) income attributable to Deluxe available to common shareholders	$	(7,992)	$	14,563	$	11,115	$	45,901
Weighted-average shares outstanding	43,663		43,116		43,498		42,974
Dilutive impact of potential common shares	—		234		273		310
Weighted-average shares and potential common shares outstanding	43,663		43,350		43,771		43,284
(Loss) earnings per share – diluted	$	(0.18)	$	0.34	$	0.25	$	1.06
Antidilutive options excluded from calculation	1,450		1,815		1,450		1,815