Earnings per Common Share (EPS)

12 Months Ended

Dec. 31, 2022

Earnings per Common Share (“EPS”)

Basic EPS is computed based upon the weighted average number of common shares outstanding for the year. Diluted EPS is computed based upon the weighted average number of common shares outstanding for the year plus the dilutive effect of common stock equivalents using the treasury stock method and the average market price of the Company’s common stock for the year. The Company includes participating securities (Redeemable Convertible Preferred Stock - Participation with Dividends on Common Stock that contain preferred dividend) in the computation of EPS pursuant to the two-class method. The two-class method of computing earnings per share is an allocation method that calculates earnings per share for common stock and participating securities. During periods of net loss, no effect is given to the participating securities because they do not share in the losses of the Company.

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income attributable to common stockholders per common share from operations.


	Twelve Months Ended December 31,
		2022		2021		2020
Numerator - Basic:
Net loss from operations		$	(7,716)	$	(23,098)	$	(10,358)
Net (loss) income attributable to redeemable noncontrolling interests		(200)		156		(344)
Preferred stock dividend		(9,552)		(35,509)		(37,981)



Net loss attributable to Synchronoss		$	(17,468)	$	(58,451)	$	(48,683)

Numerator - Diluted:
Net loss attributable to Synchronoss		$	(17,468)	$	(58,451)	$	(48,683)




Net loss attributable to Synchronoss		$	(17,468)	$	(58,451)	$	(48,683)

Denominator:
Weighted average common shares outstanding — basic		86,232		64,734		41,950







Earnings (loss) per share:


Basic		$	(0.20)	$	(0.90)	$	(1.16)



Diluted		$	(0.20)	$	(0.90)	$	(1.16)




Anti-dilutive stock options excluded		—		—		—