Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings Per Share

Equity and Earnings Per Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Equity and Earnings Per Share EQUITY AND EARNINGS PER SHARE
Equity Offering
On March 9, 2021, we closed on an underwritten public offering of 2,500 shares of our Class A common stock at a public offering price of $44.00 per share. Net proceeds from the offering were $104,458, after deducting offering costs of $5,542. On March 15, 2021, we closed on the underwriters’ option to purchase 375 additional shares of Class A common stock from us, resulting in net proceeds of $15,758 after deducting offering costs of $742. We used $80,000 of the net proceeds to repay in full the outstanding U.S. dollar balance under our senior secured revolving credit facility.
In the offering, selling shareholders sold 805 shares our Class A Common Stock at a public offering price of $44.00 per share, less the underwriting discount. We did not receive any proceeds from the sale of the shares by the selling stockholders.
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) 2021 2020
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 
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.