Earnings Per Share

12 Months Ended

Dec. 31, 2020

12. EARNINGS PER SHARE

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

	Year Ended December 31,
	2020		2019		2018
Weighted-average number of shares outstanding — basic		115,491,022		113,739,046		112,728,274
Effect of dilutive securities:
Restricted stock awards		905,903		-		-
Employee stock options		122,785		-		-
Other equity-based awards		24,851		-		-
Weighted-average number of shares outstanding — diluted		116,544,561		113,739,046		112,728,274

The Company generated a loss attributable to Community Health Systems, Inc. common stockholders for the years ended December 31, 2019 and 2018, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income during the years ended December 31, 2019 and 2018, 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 133,866 and 68,687, respectively.

	Year Ended December 31,
	2020		2019		2018
Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:
Employee stock options and restricted stock awards		2,821,511		3,508,968		2,152,408