XML 35 R22.htm IDEA: XBRL DOCUMENT v3.22.0.1
NET INCOME (LOSS) PER SHARE OF COMMON STOCK
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE OF COMMON STOCK NET INCOME (LOSS) PER SHARE OF COMMON STOCK
Basic earnings per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined based on the weighted average number of common shares outstanding during the period combined with the incremental average common shares that would have been outstanding assuming the conversion of all potentially dilutive common shares into common shares as of the earliest date possible. The calculation of basic and diluted net income (loss) per share is determined using net income (loss) applicable to common stockholders as the numerator and the number of shares included in the denominator as shown below (in thousands, except per share amounts).
Year Ended December 31,
202120202019
Basic net income (loss) per share:
Net income (loss) applicable to common stockholders$1,164 $(97,412)$89,575 
Weighted average common shares outstanding50,684 52,945 54,695 
Basic net income (loss) per share$0.02 $(1.84)$1.64 
Diluted net income (loss) per share:
Net income (loss) applicable to common stockholders$1,164 $(97,412)$89,575 
Weighted average common shares outstanding50,684 52,945 54,695 
Dilutive stock options and restricted stock924 — 595 
Diluted weighted average common shares outstanding51,608 52,945 55,290 
Diluted net income (loss) per share$0.02 $(1.84)$1.62 
For the years ended December 31, 2021 and 2019, there were no options excluded from average diluted shares outstanding as the average market price of the common shares was greater than the exercise price. As noted above, due to the net loss applicable to common stockholders for the year ended December 31, 2020, no securities had a dilutive impact.