Earnings Per Share

3 Months Ended

Mar. 31, 2017

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
	March 31,
	2017		2016
Numerator:
(Loss) income from continuing operations, net of taxes	$	(176)	$	37
Less: Income from continuing operations attributable
to noncontrolling interests, net of taxes		22		25
(Loss) income from continuing operations attributable to
Community Health Systems, Inc. common
stockholders — basic and diluted	$	(198)	$	12

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

Denominator:
Weighted-average number of shares outstanding — basic		111,252,331		110,247,867
Effect of dilutive securities:
Restricted stock awards		-		45,257
Employee stock options		-		13,038
Other equity-based awards		-		3,210
Weighted-average number of shares outstanding — diluted		111,252,331		110,309,372

The Company generated a loss from continuing operations attributable to Community Health Systems, Inc. common stockholders for the three months ended March 31, 2017, 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, 2017, the effect of restricted stock awards on the diluted shares calculation would have been an increase of 78,773 shares.



	Three Months Ended
	March 31,
	2017		2016
Dilutive securities outstanding not included in
the computation of earnings per
share because their effect is antidilutive:
Employee stock options and restricted stock awards		3,507,729		2,672,726