Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings Per Share (Tables)

v3.21.1
Equity and Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is a reconciliation of the numerator and denominator for the computation of basic and diluted earnings per share:
Three Months Ended March 31,
(In thousands, except per share data) 2021 2020
Numerator:
Net income attributable to common shareholders $ 11,174  $ 6,201 
Adjustment for accretion of tax equity financing fees (31) — 
Income attributable to common shareholders $ 11,143  $ 6,201 
Denominator:
Basic weighted-average shares outstanding 48,975  47,384 
Effect of dilutive securities:
Stock options 1,382  1,113 
Diluted weighted-average shares outstanding 50,357  48,497 
Net income per share attributable to common shareholders:
Basic $ 0.23  $ 0.13 
Diluted $ 0.22  $ 0.13 
Potentially dilutive shares (1)
1,157  431 
(1) Potentially dilutive shares attributable to stock options were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.