XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.21.1

Net Income (Loss) Per Share | 3 Months Ended
--- | ---
Mar. 31, 2021
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share A reconciliation of net income attributable to Forward Air and weighted-average common shares outstanding for purposes of calculating basic and diluted net income per share during the three months ended March 31, 2021 and 2020 is as follows:
| Three Months Ended |  |
| March 31, 2021 |  | March 31, 2020 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income and comprehensive income from continuing operations | $ | 16,714 |  |  | $ | 11,415 |  |  |  |  |
Net loss and comprehensive loss from discontinued operation | (5,533) |  |  | (3,040) |  |  |  |  |
Net income attributable to Forward Air | $ | 11,181 |  |  | $ | 8,375 |  |  |  |  |
Income allocated to participating securities | (101) |  |  | (67) |  |  |  |  |
Numerator for basic and diluted net income per share for continuing operations | $ | 16,613 |  |  | $ | 11,348 |  |  |  |  |
Numerator for basic and diluted net loss per share for discontinued operation | $ | (5,533) |  |  | $ | (3,040) |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Denominator for basic net income per share - weighted-average number of common shares outstanding | 27,361 |  |  | 27,846 |  |  |  |  |
Dilutive stock options and performance share awards | 136 |  |  | 102 |  |  |  |  |
Denominator for diluted net income per share - weighted-average number of common shares and common share equivalents outstanding | 27,497 |  |  | 27,948 |  |  |  |  |
Basic net income (loss) per share: |  |  |  |  |  |  |
Continuing operations | $ | 0.61 |  |  | $ | 0.41 |  |  |  |  |
Discontinued operation | (0.20) |  |  | (0.11) |  |  |  |  |
Net income per share 1 | $ | 0.40 |  |  | $ | 0.30 |  |  |  |  |
Diluted net income (loss) per share: |  |  |  |  |  |  |
Continuing operations | $ | 0.60 |  |  | $ | 0.41 |  |  |  |  |
Discontinued operation | (0.20) |  |  | (0.11) |  |  |  |  |
Net income per share | $ | 0.40 |  |  | $ | 0.30 |  |  |  |  |
1 Rounding may impact summation of amounts. The number of shares that were not included in the calculation of net income per diluted share because to do so would have been anti-dilutive for the three months ended March 31, 2021 and 2020 are as follows:
| March 31, 2021 |  | March 31, 2020
Anti-dilutive stock options | 25 |  |  | 203 |
Anti-dilutive performance shares | 3 |  |  | 24 |
Anti-dilutive restricted shares and deferred stock units | 1 |  |  | 75 |
Total anti-dilutive shares | 29 |  |  | 302 |

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 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 http://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 http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://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 http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration