Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.2
Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30, Six Months Ended June 30,
(In thousands, except per share data) 2022 2021 2022 2021
Numerator:
Net income attributable to common shareholders $ 32,216  $ 13,655  $ 49,600  $ 24,829 
Adjustment for accretion of tax equity financing fees (27) (30) (54) (61)
Income attributable to common shareholders $ 32,189  $ 13,625  $ 49,546  $ 24,768 
Denominator:
Basic weighted-average shares outstanding 51,818  51,315  51,781  50,158 
Effect of dilutive securities:
Stock options 1,355  1,255  1,626  1,317 
Diluted weighted-average shares outstanding 53,173  52,570  53,407  51,475 
Net income per share attributable to common shareholders:
Basic $ 0.62  $ 0.27  $ 0.96  $ 0.49 
Diluted $ 0.61  $ 0.26  $ 0.93  $ 0.48 
Potentially dilutive shares (1)
2,798  1,718  2,232  1,423 
(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.