Earnings Per Share

12 Months Ended

Dec. 31, 2023

12. EARNINGS PER SHARE

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


	Year Ended December 31,
	2023		2022		2021
Weighted-average number of shares outstanding — basic		130,445,677		128,808,387		126,754,852
Effect of dilutive securities:
Restricted stock awards		—		842,055		2,803,938
Employee stock options		—		278,057		726,130
Other equity-based awards		—		131,820		312,490
Weighted-average number of shares outstanding — diluted		130,445,677		130,060,319		130,597,410

The Company generated a net loss attributable to Community Health Systems, Inc. stockholders for the year ended December 31, 2023, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated net income, the effect of stock awards and options on the diluted shares calculation would have been an increase of 422,487 shares during the year ended December 31, 2023.


	Year Ended December 31,
	2023		2022		2021
Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:
Employee stock options and restricted stock awards		6,210,811		4,406,764		774,981