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Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Net Income 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

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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