EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

7.	EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For CoreCivic, diluted earnings per share is computed by dividing net income by the weighted average number of common shares after considering the additional dilution related to restricted stock-based awards, stock options, and Operating Partnership Units.

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

	For the Three Months Ended March 31,
	2021			2020
NUMERATOR
Basic:
Net income (loss) attributable to common stockholders	$	(125,568	)	$	32,057
Diluted:
Net income (loss) attributable to common stockholders	$	(125,568	)	$	32,057
Net income attributable to non-controlling interest		—			1,181
Diluted net income (loss) attributable to common stockholders	$	(125,568	)	$	33,238
DENOMINATOR
Basic:
Weighted average common shares outstanding		119,909			119,336
Diluted:
Weighted average common shares outstanding		119,909			119,336
Effect of dilutive securities:
Restricted stock-based awards	115				47
Non-controlling interest – Operating Partnership Units		1,342			1,342
Weighted average shares and assumed conversions		121,366			120,725
BASIC EARNINGS (LOSS) PER SHARE	$	(1.05	)	$	0.27
DILUTED EARNINGS (LOSS) PER SHARE	$	(1.05	)	$	0.27

Approximately 0.4 million and 0.6 million stock options were excluded from the computation of diluted earnings per share for the three months ended March 31, 2021 and 2020, respectively, because they were anti-dilutive.