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Stock Compensation and (Loss) Earnings per Share | 6 Months Ended
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Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Stock Compensation and (Loss) Earnings per Share | Stock Compensation and (Loss) Earnings per Share The Company granted approximately 283,000 restricted stock units ("RSUs") at market prices ranging from $21.57 to $25.07 to employees and members of the board of directors during the six months ended June 30, 2022. Additionally, approximately 100,000 Relative Total Shareholder Return (“RTSR”) awards were granted to employees at a value of $23.83 per award during the six months ended June 30, 2022. The Company incurred $2.4 million and $0.2 million in stock-based compensation expense for the three months ended June 30, 2022 and 2021 and $5.5 million and $0.8 million in stock-based compensation expense for the six months ended June 30, 2022 and 2021, respectively. Stock-based compensation expense is presented in selling, general and administrative costs in our unaudited condensed consolidated statements of comprehensive income (loss). We utilize the treasury stock method to calculate the impact on diluted earnings per share that potentially dilutive stock-based compensation awards have. The following table indicates the computation of basic and diluted earnings per share:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands, except per share amounts) | 2022 |  | 2021 |  | 2022 |  | 2021
Calculation of net (loss) income per share: |  |  |  |  |  |  |
(Loss) income from continuing operations | $ | (3,225) |  |  | $ | 1,625 |  |  | $ | (3,828) |  |  | $ | 4,570 |
Total income from discontinued operations, net of tax | — |  |  | 51,566 |  |  | — |  |  | 100,038 |
Net (loss) income | $ | (3,225) |  |  | $ | 53,191 |  |  | $ | (3,828) |  |  | $ | 104,608 |
Basic weighted average shares outstanding | 50,157 |  |  | 49,945 |  |  | 50,133 |  |  | 49,945 |
Basic net (loss) income per share - continuing operations | $ | (0.06) |  |  | $ | 0.03 |  |  | $ | (0.08) |  |  | $ | 0.09 |
Basic net income per share - discontinued operations | — |  |  | 1.03 |  |  | — |  |  | 2.00 |
Basic net (loss) income per share | $ | (0.06) |  |  | $ | 1.06 |  |  | $ | (0.08) |  |  | $ | 2.09 |
Effect of stock-based compensation awards outstanding: |  |  |  |  |  |  |
Basic weighted average shares outstanding | 50,157 |  |  | 49,945 |  |  | 50,133 |  |  | 49,945 |
Effect from dilutive shares and options outstanding | — |  |  | 130 |  |  | — |  |  | 122 |
Diluted weighted average shares outstanding | 50,157 |  |  | 50,075 |  |  | 50,133 |  |  | 50,067 |
Diluted net (loss) income per share - continuing operations | $ | (0.06) |  |  | $ | 0.03 |  |  | $ | (0.08) |  |  | $ | 0.09 |
Diluted net income per share - discontinued operations | — |  |  | 1.03 |  |  | — |  |  | 2.00 |
Diluted net (loss) income per share | $ | (0.06) |  |  | $ | 1.06 |  |  | $ | (0.08) |  |  | $ | 2.09 |
There were approximately 212,000 and 155,000 potentially dilutive equity awards for the three and six months ended June 30, 2022; however, these securities were excluded from the calculation of diluted weighted average shares outstanding due to the fact that they were anti-dilutive as a result of the Company's net loss for the period. There were fewer than 200,000 anti-dilutive equity awards outstanding for the three and six months ended June 30, 2021.

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