Earnings Per Share

12 Months Ended

Dec. 31, 2020

16.EARNINGS PER SHARE

Basic earnings per share was computed by dividing net income (loss) attributable to SBA Communications Corporation by the weighted-average number of shares of Common Stock outstanding for each respective period. Diluted earnings per share was calculated by dividing net income (loss) attributable to SBA Communications Corporation by the weighted-average number of shares of Common Stock outstanding adjusted for any dilutive Common Stock equivalents, including unvested RSUs, PSUs, and shares issuable upon exercise of stock options as determined under the “Treasury Stock” method.

The following table sets forth basic and diluted net income per common share attributable to common shareholders for the years ended December 31, 2020, 2019, and 2018 (in thousands, except per share data):



	For the year ended December 31,
	2020		2019		2018
Numerator:
Net income attributable to SBA
Communications Corporation	$	24,104	$	146,991	$	47,451
Denominator:
Basic weighted-average shares outstanding		111,532		112,809		114,909
Dilutive impact of stock options, RSUs, and PSUs		1,933		1,884		1,606
Diluted weighted-average shares outstanding		113,465		114,693		116,515
Net income per common share attributable to SBA
Communications Corporation:
Basic	$	0.22	$	1.30	$	0.41
Diluted	$	0.21	$	1.28	$	0.41

For the years ended December 31, 2020, 2019, and 2018, the diluted weighted average number of common shares outstanding excluded an additional 56,351 shares, 19,533 shares, and 0.8 million shares issuable upon exercise of the Company’s stock options because the impact would be anti-dilutive.