Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2022
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) 2022 2021
Numerator:
Net income attributable to common shareholders $ 17,384  $ 11,174 
Adjustment for accretion of tax equity financing fees (28) (31)
Income attributable to common shareholders $ 17,356  $ 11,143 
Denominator:
Basic weighted-average shares outstanding 51,744  48,975 
Effect of dilutive securities:
Stock options 1,892  1,382 
Diluted weighted-average shares outstanding 53,636  50,357 
Net income per share attributable to common shareholders:
Basic $ 0.34  $ 0.23 
Diluted $ 0.32  $ 0.22 
Potentially dilutive shares (1)
783  1,157 
(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.