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Net Income Per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of 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 nine months ended September 30, 2023 and 2022 is as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, 2023 |  | September 30, 2022 |  | September 30, 2023 |  | September 30, 2022
Numerator: |  |  |  |  |  |  |
Net income attributable to Forward Air | $ | 9,288 |  |  | $ | 52,133 |  |  | $ | 65,607 |  |  | $ | 150,249 |
Income allocated to participating securities | (57) |  |  | (325) |  |  | (357) |  |  | (838) |
Numerator for basic and diluted net income per share | $ | 9,231 |  |  | $ | 51,808 |  |  | $ | 65,250 |  |  | $ | 149,411 |
Denominator: |  |  |  |  |  |  |
Denominator for basic net income per share - weighted-average number of common shares outstanding | 25,697 |  |  | 26,769 |  |  | 25,995 |  |  | 26,864 |
Dilutive stock options and performance share awards | 74 |  |  | 133 |  |  | 101 |  |  | 135 |
Denominator for diluted net income per share - weighted-average number of common shares and common share equivalents outstanding | 25,771 |  |  | 26,902 |  |  | 26,096 |  |  | 26,999 |
Net income per share: |  |  |  |  |  |  |
Basic | $ | 0.36 |  |  | $ | 1.94 |  |  | $ | 2.51 |  |  | $ | 5.56 |
Diluted | $ | 0.36 |  |  | $ | 1.93 |  |  | $ | 2.50 |  |  | $ | 5.53 |
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 nine months ended September 30, 2023 and 2022 are as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, 2023 |  | September 30, 2022 |  | September 30, 2023 |  | September 30, 2022
Anti-dilutive stock options | 112 |  |  | 57 |  |  | 105 |  |  | 49 |
Anti-dilutive performance shares | 18 |  |  | 13 |  |  | 16 |  |  | 11 |
Anti-dilutive restricted shares and deferred stock units | 72 |  |  | — |  |  | 61 |  |  | — |
Total anti-dilutive shares | 202 |  |  | 70 |  |  | 182 |  |  | 60 |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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