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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Components of Denominator for Computation of Basic and Diluted 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 (loss) income attributable to Community Health Systems, Inc. stockholders:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Weighted-average number of shares outstanding — basic

 

 

129,095,571

 

 

 

127,069,252

 

 

 

128,460,419

 

 

 

126,414,901

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock awards

 

 

 

 

 

2,530,006

 

 

 

 

 

 

 

Employee stock options

 

 

 

 

 

800,599

 

 

 

 

 

 

 

Other equity-based awards

 

 

 

 

 

337,267

 

 

 

 

 

 

 

Weighted-average number of shares outstanding — diluted

 

 

129,095,571

 

 

 

130,737,124

 

 

 

128,460,419

 

 

 

126,414,901

 

 

Schedule of Antidilutive Securities

 The Company generated a loss attributable to Community Health Systems, Inc. stockholders for the three months ended June 30, 2022 and both of the six-month periods ended June 30, 2022 and 2021, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income during the three months ended June 30, 2022, the effect of restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase of 1,152,737 shares. If the Company had generated income during the six months ended June 30, 2022 and 2021, the effect of restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase of 1,675,586 shares and 2,967,814 shares, respectively.

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Dilutive securities outstanding not included in the computation

   of earnings per share because their effect is antidilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options and restricted stock awards

 

 

4,439,146

 

 

 

747,668

 

 

 

2,858,073

 

 

 

803,127