Earnings Per Share

9 Months Ended

Sep. 30, 2023

11. EARNINGS PER SHARE

The following table sets forth the components of the denominator for the computation of basic and diluted earnings per share for net loss attributable to Community Health Systems, Inc. stockholders:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Weighted-average number of shares outstanding — basic		130,698,907		129,141,673		130,352,865		128,689,999
Effect of dilutive securities:
Restricted stock awards		—		—		—		—
Employee stock options		—		—		—		—
Other equity-based awards		—		—		—		—
Weighted-average number of shares outstanding — diluted		130,698,907		129,141,673		130,352,865		128,689,999

The Company generated a loss attributable to Community Health Systems, Inc. stockholders for each of the three-month and nine-month periods ended September 30, 2023 and 2022, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income during the three months ended September 30, 2023 and 2022, the effect of restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase of 224,178 shares and 565,641 shares, respectively. If the Company had generated income during the nine months ended September 30, 2023 and 2022, the effect of the restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase of 298,184 shares and 1,305,604 shares, respectively.


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:
Employee stock options and restricted stock awards		5,894,797		5,764,161		6,325,261		3,826,769