Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Earnings Per Share
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) 2023 2022
Numerator:
Net income attributable to common shareholders $ 1,102  $ 17,384 
Adjustment for accretion of tax equity financing fees (27) (28)
Income attributable to common shareholders $ 1,075  $ 17,356 
Denominator:
Basic weighted-average shares outstanding 51,963  51,744 
Effect of dilutive securities:
Stock options 1,298  1,892 
Diluted weighted-average shares outstanding 53,261  53,636 
Net income per share attributable to common shareholders:
Basic $ 0.02  $ 0.34 
Diluted $ 0.02  $ 0.32 
Potentially dilutive shares (1)
1,901  783 
(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.