Earnings Per Share

12 Months Ended

Dec. 31, 2021

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. stockholders:

	Year Ended December 31,
	2021		2020		2019
Weighted-average number of shares outstanding — basic		126,754,852		115,491,022		113,739,046
Effect of dilutive securities:
Restricted stock awards		2,803,938		905,903		—
Employee stock options		726,130		122,785		—
Other equity-based awards		312,490		24,851		—
Weighted-average number of shares outstanding — diluted		130,597,410		116,544,561		113,739,046

The Company generated a loss attributable to Community Health Systems, Inc. stockholders for the year ended December 31, 2019, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income during the year ended December 31, 2019, 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.

	Year Ended December 31,
	2021		2020		2019
Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:
Employee stock options and restricted stock awards		774,981		2,821,511		3,508,968