Earnings Per Share

9 Months Ended

Sep. 30, 2023

Basic earnings per share ("EPS") is computed by dividing net income (loss) attributable to Wynn Resorts by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) attributable to Wynn Resorts, adjusted for the potential dilutive impact assuming that the conversion of the WML Convertible Bonds occurred as of the date of their issuance under the if-converted method, by the weighted average number of common shares outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potential dilutive securities had been issued, to the extent such impact is not anti-dilutive. Potentially dilutive securities include outstanding stock options and unvested restricted stock.

The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to Wynn Resorts, Limited - basic	$	(116,678)	$	(142,892)	$	838	$	(456,267)
Effect of dilutive securities of Wynn Resorts, Limited subsidiaries:
Assumed conversion of WML Convertible Bonds	—		—		—		—
Net income (loss) attributable to Wynn Resorts, Limited - diluted	$	(116,678)	$	(142,892)	$	838	$	(456,267)

Denominator:
Weighted average common shares outstanding	112,797		112,709		112,813		114,061
Potential dilutive effect of stock options, nonvested, and performance nonvested shares	—		—		319		—
Weighted average common and common equivalent shares outstanding	112,797		112,709		113,132		114,061

Net income (loss) attributable to Wynn Resorts, Limited per common share, basic	$	(1.03)	$	(1.27)	$	0.01	$	(4.00)
Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted	$	(1.03)	$	(1.27)	$	0.01	$	(4.00)

Anti-dilutive stock options, nonvested, and performance nonvested shares excluded from the calculation of diluted net income per share	1,255		1,087		308		1,087