Earnings Per Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Numerator:
(Loss) income from continuing operations, net of taxes	$	(54)	$	83	$	(1,422)	$	335
Less: Income from continuing operations attributable
to noncontrolling interests, net of taxes		23		23		73		67
(Loss) income from continuing operations attributable to
Community Health Systems, Inc. common
stockholders — basic and diluted	$	(77)	$	60	$	(1,495)	$	268

Loss from discontinued operations, net of taxes	$	(2)	$	(8)	$	(5)	$	(27)
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	$	(2)	$	(8)	$	(5)	$	(27)

Denominator:
Weighted-average number of shares outstanding — basic		110,888,040		115,319,986		110,672,520		114,981,457
Effect of dilutive securities:
Restricted stock awards		-		593,713		-		405,395
Employee stock options		-		439,717		-		448,679
Other equity-based awards		-		14,741		-		9,650
Weighted-average number of shares outstanding — diluted		110,888,040		116,368,157		110,672,520		115,845,181

The Company generated a loss from continuing operations attributable to Community Health Systems, Inc. common stockholders for the three and nine months ended September 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 nine months ended September 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 445,732 shares and 225,334 shares, respectively.



	Three Months Ended				Nine Months Ended
	September 30,				September 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		2,076,688		-		2,426,700		-