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Net Loss Per Share | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Net Loss Per Share | Net Loss Per Share Basic net loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during each period. Restricted shares have non-forfeitable rights to dividends and as a result, are considered participating securities for purposes of computing net income per common share pursuant to the two-class method. Diluted net loss per common share assumes the exercise of outstanding stock options and the vesting of performance share awards using the treasury stock method when the effects of such assumptions are dilutive. A reconciliation of net loss attributable to Forward Air and weighted-average common shares outstanding for purposes of calculating basic and diluted net loss per share during the three months ended March 31, 2025 and 2024 is as follows:
| Three Months Ended |  |
| March 31, 2025 |  | March 31, 2024 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net loss | $ | (61,191) |  |  | $ | (88,794) |  |  |  |  |
Less, net loss attributable to noncontrolling interest | (10,554) |  |  | (27,082) |  |  |  |  |
Net loss attributable to Forward Air | (50,637) |  |  | (61,712) |  |  |  |  |
Dividends allocated to Opco C-2 Preferred Units | — |  |  | (11,867) |  |  |  |  |
Numerator for basic and diluted net loss per share | $ | (50,637) |  |  | $ | (73,579) |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Denominator for basic and diluted net loss per share - weighted-average number of common shares outstanding | 30,193 |  |  | 26,217 |  |  |  |  |
Basic and diluted net loss per share attributable to Forward Air: |  |  |  |  |  |  |
Net loss per basic and diluted share 1 | $ | (1.68) |  |  | $ | (2.81) |  |  |  |  |
1 Rounding may impact summation of amounts. |  |  |  |  |  |  |
The number of shares that were not included in the calculation of net loss per diluted share because to do so would have been anti-dilutive for the three months ended March 31, 2025 and 2024 are as follows:
| Three Months Ended |  |
| March 31, 2025 |  | March 31, 2024 |  |  |  |
Anti-dilutive stock options | 247 |  |  | 287 |  |  |  |  |
Anti-dilutive performance shares | 55 |  |  | 12 |  |  |  |  |
Anti-dilutive restricted shares and deferred stock units | 293 |  |  | 181 |  |  |  |  |
Total anti-dilutive shares | 595 |  |  | 480 |  |  |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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