Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.23.1
Net Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Net Income Per Share
A reconciliation of net income attributable to Forward Air and weighted-average common shares outstanding for purposes of calculating basic and diluted net income per share during the three months ended March 31, 2023 and 2022 is as follows:
  Three Months Ended
March 31,
2023		 March 31,
2022
Numerator:    
Net income attributable to Forward Air $ 36,368  $ 42,686 
Income allocated to participating securities (185) (248)
Numerator for basic and diluted net income per share $ 36,183  $ 42,438 
Denominator:    
Denominator for basic net income per share - weighted-average number of common shares outstanding 26,350  26,947 
Dilutive stock options and performance share awards 129  153 
Denominator for diluted net income per share - weighted-average number of common shares and common share equivalents outstanding 26,479  27,100 
Net income per share:
Basic $ 1.37  $ 1.57 
Diluted $ 1.37  $ 1.57 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The number of shares that were not included in the calculation of net income per diluted share because to do so would have been anti-dilutive for the three months ended March 31, 2023 and 2022 are as follows:
Three Months Ended
March 31,
2023		 March 31,
2022
Anti-dilutive stock options 112  64 
Anti-dilutive performance shares 18  14 
Anti-dilutive restricted shares and deferred stock units 74  — 
Total anti-dilutive shares 204  78