General form of registration statement for all companies including face-amount certificate companies

Earnings Per Share

v3.21.2
Earnings Per Share
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Earnings Per Share    
Earnings Per Share

10.   Earnings Per Share

The following table reconciles the numerators and denominators used in computations of the basic and diluted EPS for the three and nine months ended September 30:

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2021

2020

2021

2020

Numerator:

    

  

    

  

    

Net Income (basic and diluted)

$

7,924

$

5,805

$

1,000

$

12,323

Denominator:

 

 

 

 

Weighted-average common shares outstanding

 

158,045

 

139,841

 

144,305

 

139,779

Dilutive effect of share-based awards

 

9,000

 

6,713

 

9,242

 

7,064

Weighted-average dilutive shares outstanding

 

167,045

 

146,554

 

153,547

 

146,843

Basic earnings per share

$

0.05

$

0.04

$

0.01

$

0.09

Diluted earnings per share

$

0.05

$

0.04

$

0.01

$

0.08

Approximately 4.6 million, and 4.3 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in the three and nine months ended September 30, 2021, respectively, because they were antidilutive. Approximately 9.2 million, and 7.5 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in the three and nine months ended September 30, 2020, respectively, because they were also antidilutive.

11. Earnings Per Share

The following table reconciles the numerators and denominators used in computations of the basic and diluted EPS:

For the Years Ended

December 31, 

    

2020

    

2019

    

2018

Numerator:

 

  

 

  

 

  

Net Income (basic and diluted)

$

20,453

$

23,307

$

3,177

Denominator:

 

  

 

  

 

  

Weighted‑average common shares outstanding

 

138,072

 

139,650

 

139,588

Dilutive effect of stock based awards

 

7,372

 

3,396

 

Weighted‑average dilutive shares outstanding

 

145,443

 

143,046

 

139,588

Basic earnings per share

$

0.15

$

0.17

$

0.02

Diluted earnings per share

$

0.14

$

0.16

$

0.02

Approximately 7,516, 9,265, and 17,962 weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation for the years ended December 31, 2020, 2019 and 2018, respectively, because they were antidilutive.