Schedule of reconciliation of the denominators used to calculate basic EPS and diluted EPS |
The reconciliations of the denominators used to calculate basic and diluted net income/(loss) per common share for the three and nine months ended December 31, 2021 and 2020, respectively, are as follows:
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Three Months Ended December 31, 2021 |
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Three Months Ended December 31, 2020 |
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Nine Months Ended December 31, 2021 |
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Nine Months Ended December 31, 2020 |
Basic net income/(loss) per common share |
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Net income/(loss) |
$ |
11,270 |
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$ |
6,175 |
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$ |
11,407 |
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$ |
1,928 |
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Weighted-average common shares outstanding |
33,340,000 |
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33,180,562 |
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33,292,614 |
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33,110,877 |
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Basic net income/(loss) per common share |
$ |
0.34 |
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$ |
0.19 |
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$ |
0.34 |
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$ |
0.06 |
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Three Months Ended December 31, 2021 |
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Three Months Ended December 31, 2020 |
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Nine Months Ended December 31, 2021 |
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Nine Months Ended December 31, 2020 |
Diluted net income/(loss) per common share |
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Net income/(loss) |
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$ |
11,270 |
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$ |
6,175 |
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$ |
11,407 |
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$ |
1,928 |
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Weighted-average common shares outstanding |
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33,340,000 |
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33,180,562 |
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33,292,614 |
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33,110,877 |
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Common share equivalents: |
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Stock options |
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271 |
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2,733 |
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1,660 |
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21,155 |
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Restricted and performance stock units |
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317,833 |
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236,278 |
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187,690 |
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102,325 |
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Weighted average shares outstanding – dilutive (1)
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33,658,104 |
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33,419,573 |
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33,481,964 |
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33,234,357 |
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Diluted net income/(loss) per common share |
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$ |
0.33 |
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$ |
0.18 |
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$ |
0.34 |
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$ |
0.06 |
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(1) For the three and nine months ended December 31, 2021, 45,099 and 139,843 equity awards, respectively, were not included in the calculation of diluted net income/(loss) per common share, as they would have had an anti-dilutive effect. For the three and nine months ended December 31, 2020, 250,668 and 246,005 equity awards respectively, were not included in the calculation of diluted net income/(loss) per common share, as they would have had an anti-dilutive effect.
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