EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

14.	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 Years Ended December 31,
	2021			2020		2019
NUMERATOR
Basic:
Net income (loss) attributable to common stockholders	$	(51,896	)	$	54,157	$	188,886
Diluted:
Net income (loss) attributable to common stockholders	$	(51,896	)	$	54,157	$	188,886
Net income attributable to non-controlling interest		—			1,181		—
Diluted net income (loss) attributable to common stockholders	$	(51,896	)	$	55,338	$	188,886
DENOMINATOR
Basic:
Weighted average common shares outstanding		120,192			119,559		119,028
Diluted:
Weighted average common shares outstanding		120,192			119,559		119,028
Effect of dilutive securities:
Stock options		—			—	22
Restricted stock-based awards		—		28		114
Non-controlling interest - Operating Partnership Units		—			1,342		—
Weighted average shares and assumed conversions		120,192			120,929		119,164
BASIC EARNINGS (LOSS) PER SHARE	$	(0.43	)	$	0.45	$	1.59
DILUTED EARNINGS (LOSS) PER SHARE	$	(0.43	)	$	0.45	$	1.59

For the year ended December 31, 2021, 0.5 million restricted stock-based awards and 1.0 million non-controlling interest - operating partnership units were excluded from the computation of diluted loss per share because they were anti-dilutive. In addition, approximately 0.3 million, 0.5 million, and 0.5 million stock options were excluded from the computations of diluted earnings (loss) per share for the years ended December 31, 2021, 2020, and 2019, respectively, because they were anti-dilutive.