Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share Disclosure

8.  EARNINGS PER SHARE

The following table sets forth the components of the numerator and denominator for the computation of basic and diluted earnings per share for income (loss) from continuing operations, discontinued operations and net income attributable to Community Health Systems, Inc. common stockholders (in millions, except share data):  

	Three Months Ended
	March 31,
	2015		2014
Numerator:
Income (loss) from continuing operations, net of taxes	$	112	$	(76)
Less: Income from continuing operations attributable
to noncontrolling interests, net of taxes		20		14
Income (loss) from continuing operations attributable to
Community Health Systems, Inc. common
stockholders — basic and diluted	$	92	$	(90)
Loss from discontinued operations, net of taxes	$	(13)	$	(22)
Less: Loss from discontinued operations attributable
to noncontrolling interests, net of taxes		-		-
Loss from discontinued operations attributable to
Community Health Systems, Inc. common
stockholders — basic and diluted	$	(13)	$	(22)
Denominator:
Weighted-average number of shares outstanding — basic		114,419,590		106,601,997
Effect of dilutive securities:
Restricted stock awards		181,120		-
Employee stock options		452,659		-
Other equity-based awards		4,299		-
Weighted-average number of shares outstanding — diluted		115,057,668		106,601,997

The Company generated a loss from continuing operations attributable to Community Health Systems, Inc. common stockholders for the three months ended March 31, 2014, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income from continuing operations during the three months ended March 31, 2014, the effect of restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase in shares of 578,587 shares.

	Three Months Ended
	March 31,
	2015		2014
Dilutive securities outstanding not included in
the computation of earnings per
share because their effect is antidilutive:
Employee stock options and restricted stock awards		-		1,891,000