Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings Per Share (Tables)

v3.21.2
Equity and Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 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 September 30, Nine Months Ended September 30,
(In thousands, except per share data) 2021 2020 2021 2020
Numerator:
Net income attributable to common shareholders $ 17,423  $ 20,002  $ 42,252  $ 30,568 
Adjustment for accretion of tax equity financing fees (27) (91) (89) (91)
Income attributable to common shareholders $ 17,396  $ 19,911  $ 42,163  $ 30,477 
Denominator:
Basic weighted-average shares outstanding 51,464  47,788  50,599  47,597 
Effect of dilutive securities:
Stock options 1,375  1,313  1,414  1,188 
Diluted weighted-average shares outstanding 52,839  49,101  52,013  48,785 
Net income per share attributable to common shareholders:
Basic $ 0.34  $ 0.42  $ 0.83  $ 0.64 
Diluted $ 0.33  $ 0.41  $ 0.81  $ 0.62 
Potentially dilutive shares (1)
993  1,268  1,429  1,146 
(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.