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Stock Compensation and Earnings (Loss) per Share
 6 Months Ended
Jun. 30, 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”), which includes the Company’s RSUs and performance stock units (“PSUs”), 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 
Granted390 $20.21 
Vested(284)$21.93 
Adjustments for PSU performance
(44)$19.31 
Forfeited(1)$20.83 
Outstanding awards, June 30, 2024
886 $20.63 

The total fair value of RSUs vested was $5.5 million during the six months ended June 30, 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 
Granted136 $22.30 
Vested— $— 
Forfeited— $— 
Outstanding awards, June 30, 2024
429 $24.69 

Stock-based compensation expense was as follows:

 Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2024202320242023
Stock compensation expense$2,538 $2,878 $6,673 $6,730 
Capitalized stock compensation(268)(275)(437)(410)
Stock compensation expense, net$2,270 $2,603 $6,236 $6,320 

As of June 30, 2024, there was $12.0 million of total unrecognized compensation cost related to non-vested RSUs and RTSRs which is expected to be recognized over weighted average period of 2.5 years.
The following table indicates the computation of basic and diluted earnings (loss) per share:

Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands, except per share amounts)2024202320242023
Calculation of net (loss) income per share:
Loss from continuing operations$(12,773)$(1,400)$(16,863)$(658)
Total (loss) income from discontinued operations, net of tax(99)3,190 218,687 4,514 
Net (loss) income$(12,872)$1,790 $201,824 $3,856 
Basic weighted average shares outstanding54,730 50,366 52,620 50,330 
Basic - Loss from continuing operations$(0.24)$(0.03)$(0.32)$(0.01)
Basic - (Loss) income from discontinued operations, net of tax— 0.07 4.16 0.09 
Basic net (loss) income per share$(0.24)$0.04 $3.84 $0.08 
Effect of dilutive instruments outstanding:
Basic weighted average shares outstanding54,730 50,366 52,620 50,330 
Effect from dilutive shares and options outstanding— — — — 
Diluted weighted average shares outstanding54,730 50,366 52,620 50,330 
Diluted - Loss from continuing operations$(0.24)$(0.03)$(0.32)$(0.01)
Diluted - (Loss) income from discontinued operations, net of tax— 0.07 4.16 0.09 
Diluted net (loss) income per share$(0.24)$0.04 $3.84 $0.08 
As discussed in Note 12, Redeemable Noncontrolling Interest, no PIK Dividends were declared or paid during the three and six months ended June 30, 2024 and 2023; therefore, no income has been attributed to redeemable noncontrolling interest for purposes of calculating basic net income per share.

The Company determines the dilutive impact of equity awards and the Series A Preferred Stock (on an as-converted basis) by applying the treasury stock method and the if-converted method, respectively. There were approximately 392,000 and 444,000 potentially dilutive equity awards during the three and six months ended June 30, 2024, respectively; however, these shares 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 loss from continuing operations for the periods. There were also approximately 3,306,000 potentially dilutive shares related to the Series A Preferred Stock (on an as-converted basis) during both the three and six months ended June 30, 2024; however, these shares 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 loss from continuing operations for the periods. There were approximately 327,000 and 239,000 potentially dilutive equity awards during the three and six months ended June 30, 2023, respectively; however, these shares 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 loss from continuing operations for the periods.