XML 28 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Net Income (Loss) Per Share
 6 Months Ended
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 EndedSix 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 outstanding27,261 27,695 27,309 28,424 
Dilutive stock options and performance share awards154 31 145 67 
Denominator for diluted net income per share - weighted-average number of common shares and common share equivalents outstanding27,415 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 EndedSix 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