Earnings Per Share

9 Months Ended

Sep. 30, 2022

11. 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				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Weighted-average number of shares outstanding — basic		129,141,673		127,077,786		128,689,999		126,638,291
Effect of dilutive securities:
Restricted stock awards		—		2,652,676		—		2,249,117
Employee stock options		—		795,471		—		698,941
Other equity-based awards		—		359,206		—		299,602
Weighted-average number of shares outstanding — diluted		129,141,673		130,885,139		128,689,999		129,885,951

The Company generated a loss attributable to Community Health Systems, Inc. stockholders for the three and nine months ended September 30, 2022, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income during the three and nine months ended September 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 565,641 shares and 1,305,604 shares, respectively.

	Three Months Ended				Nine Months Ended
	September 30,				September 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		5,764,161		748,002		3,826,769		784,752