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Stock Compensation and Earnings (Loss) per Share | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Stock Compensation and Earnings (Loss) per Share | Stock Compensation and Earnings (Loss) per Share Activity related to the Company’s restricted stock units (“RSUs”) was as follows:
(in thousands, except weighted average grant price) | Number of Shares |  | Weighted Average Grant Price
Outstanding awards, December 31, 2023 | 825 |  |  | $ | 21.16 |
Granted | 334 |  |  | $ | 20.64 |
Vested | (247) |  |  | $ | 22.13 |
Forfeited | — |  |  | $ | — |
Outstanding awards, March 31, 2024 | 912 |  |  | $ | 20.73 |
The total fair value of RSUs vested was $4.9 million during the three months ended March 31, 2024. Activity related to the Company’s Relative Total Shareholder Return RSUs (“RTSRs”) was as follows:
(in thousands, except weighted average grant price) | Number of Shares |  | Weighted Average Grant Price
Outstanding awards, December 31, 2023 | 293 |  |  | $ | 25.80 |
Granted | 128 |  |  | $ | 22.30 |
Vested | — |  |  | $ | — |
Forfeited | — |  |  | $ | — |
Outstanding awards, March 31, 2024 | 421 |  |  | $ | 24.74 |
Stock-based compensation expense was as follows:
|  | Three Months Ended March 31,
(in thousands) |  | 2024 |  | 2023
Stock compensation expense |  | $ | 4,135 |  |  | $ | 3,852 |
Capitalized stock compensation |  | (169) |  |  | (135) |
Stock compensation expense, net |  | $ | 3,966 |  |  | $ | 3,717 |
As of March 31, 2024, there was $13.8 million of total unrecognized compensation cost related to non-vested RSUs and RTSRs which is expected to be recognized over weighted average period of 2.3 years. We utilize the treasury stock method to calculate the impact on diluted earnings (loss) per share that potentially dilutive stock-based compensation awards have. The following table indicates the computation of basic and diluted earnings (loss) per share:
|  | Three Months Ended March 31,
(in thousands, except per share amounts) |  | 2024 |  | 2023
Calculation of net income per share: |  |  |  |
(Loss) income from continuing operations |  | $ | (4,090) |  |  | $ | 741 |
Total income from discontinued operations, net of tax |  | 218,786 |  |  | 1,325 |
Net income |  | $ | 214,696 |  |  | $ | 2,066 |
Basic weighted average shares outstanding |  | 50,520 |  |  | 50,291 |
Basic net (loss) income per share - continuing operations |  | $ | (0.08) |  |  | $ | 0.01 |
Basic net income per share - discontinued operations |  | 4.33 |  |  | 0.03 |
Basic net income per share |  | $ | 4.25 |  |  | $ | 0.04 |
Effect of stock-based compensation awards outstanding: |  |  |  |
Basic weighted average shares outstanding |  | 50,520 |  |  | 50,291 |
Effect from dilutive shares and options outstanding |  | 491 |  |  | 221 |
Diluted weighted average shares outstanding |  | 51,011 |  |  | 50,512 |
Diluted net (loss) income per share - continuing operations |  | $ | (0.08) |  |  | $ | 0.01 |
Diluted net income per share - discontinued operations |  | 4.29 |  |  | 0.03 |
Diluted net income per share |  | $ | 4.21 |  |  | $ | 0.04 |
There were approximately 462,000 and 478,000 anti-dilutive equity awards outstanding during the three months ended March 31, 2024 and 2023, respectively.

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