Earnings Per Share

6 Months Ended

Jun. 30, 2016

9. 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 (loss) income from continuing operations, discontinued operations and net (loss) income attributable to Community Health Systems, Inc. common stockholders (in millions, except share data):



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Numerator:
(Loss) Income from continuing operations, net of taxes	$	(1,405)	$	140	$	(1,368)	$	252
Less: Income from continuing operations attributable
to noncontrolling interests, net of taxes		26		23		50		43
(Loss) Income from continuing operations attributable to
Community Health Systems, Inc. common
stockholders — basic and diluted	$	(1,431)	$	117	$	(1,418)	$	209

Loss from discontinued operations, net of taxes	$	(1)	$	(6)	$	(3)	$	(20)
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	$	(1)	$	(6)	$	(3)	$	(20)

Denominator:
Weighted-average number of shares outstanding — basic		110,879,285		115,194,899		110,563,576		114,809,386
Effect of dilutive securities:
Restricted stock awards		-		441,351		-		311,236
Employee stock options		-		453,661		-		453,160
Other equity-based awards		-		10,506		-		7,105
Weighted-average number of shares outstanding — diluted		110,879,285		116,100,417		110,563,576		115,580,887

The Company generated a loss from continuing operations attributable to Community Health Systems, Inc. common stockholders for the three and six months ended June 30, 2016, 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 and six months ended June 30, 2016, 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 168,764 shares and 115,135 shares, respectively.



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Dilutive securities outstanding not included in
the computation of earnings per
share because their effect is antidilutive:
Employee stock options and restricted stock awards		2,530,686		-		2,601,706		-