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Net Income (Loss) Per Share | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2021 and 2020 is as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Numerator: |  |  |  |  |  |  |
Net income and comprehensive income from continuing operations | $ | 30,677 |  |  | $ | 9,225 |  |  | $ | 47,391 |  |  | $ | 20,641 |
Net loss and comprehensive loss from discontinued operation | — |  |  | (6,071) |  |  | (5,533) |  |  | (9,112) |
Net income attributable to Forward Air | $ | 30,677 |  |  | $ | 3,154 |  |  | $ | 41,858 |  |  | $ | 11,529 |
Income allocated to participating securities | (256) |  |  | (13) |  |  | (363) |  |  | (83) |
Numerator for basic and diluted net income per share for continuing operations | $ | 30,421 |  |  | $ | 9,212 |  |  | $ | 47,028 |  |  | $ | 20,558 |
Numerator for basic and diluted net loss per share for discontinued operation | $ | — |  |  | $ | (6,071) |  |  | $ | (5,533) |  |  | $ | (9,112) |
Denominator: |  |  |  |  |  |  |
Denominator for basic net income per share - weighted-average number of common shares outstanding | 27,261 |  |  | 27,695 |  |  | 27,309 |  |  | 28,424 |
Dilutive stock options and performance share awards | 154 |  |  | 31 |  |  | 145 |  |  | 67 |
Denominator for diluted net income per share - weighted-average number of common shares and common share equivalents outstanding | 27,415 |  |  | 27,726 |  |  | 27,454 |  |  | 28,491 |
Basic net income (loss) per share: |  |  |  |  |  |  |
Continuing operations | $ | 1.12 |  |  | $ | 0.33 |  |  | $ | 1.72 |  |  | $ | 0.72 |
Discontinued operation | — |  |  | (0.22) |  |  | (0.20) |  |  | (0.31) |
Net income per basic share | $ | 1.12 |  |  | $ | 0.11 |  |  | $ | 1.52 |  |  | $ | 0.41 |
Diluted net income (loss) per share: |  |  |  |  |  |  |
Continuing operations | $ | 1.11 |  |  | $ | 0.33 |  |  | $ | 1.71 |  |  | $ | 0.72 |
Discontinued operation | — |  |  | (0.22) |  |  | (0.20) |  |  | (0.32) |
Net income per diluted share | $ | 1.11 |  |  | $ | 0.11 |  |  | $ | 1.51 |  |  | $ | 0.40 |
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 and six months ended June 30, 2021 and 2020 are as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Anti-dilutive stock options | — |  |  | 268 |  |  | 39 |  |  | 218 |
Anti-dilutive performance shares | — |  |  | 18 |  |  | — |  |  | 29 |
Anti-dilutive restricted shares and deferred stock units | — |  |  | 177 |  |  | 15 |  |  | 95 |
Total anti-dilutive shares | — |  |  | 463 |  |  | 54 |  |  | 342 |

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