Earnings Per Share

6 Months Ended

Jun. 30, 2021

Basic earnings per share is computed by dividing net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed after adjusting the numerator and denominator of the basic earnings per share computation for the effects of all potentially dilutive common shares. The dilutive effect of non-vested stock issued under share‑based compensation plans is computed using the treasury stock method. The dilutive effect of the cumulative preferred stock is computed using the if‑converted method.

The following is a summary of the elements used in calculating basic and diluted income (loss) per share for the three and six months ended June 30, 2021 and 2020:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions, except share and per share amounts)	2021		2020		2021		2020
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	215.4	$	(42.1)	$	209.8	$	(52.0)

Weighted average shares outstanding for basic	139,260,408		140,219,177		139,290,576		140,214,960
Basic earnings (loss) per basic share	$	1.55	$	(0.30)	$	1.51	$	(0.37)
Weighted average shares outstanding for diluted(1)	140,778,616		140,219,177		140,136,010		140,214,960
Diluted earnings (loss) per diluted share	$	1.53	$	(0.30)	$	1.5	$	(0.37)

(1) For the three months ended June 30, 2021 and 2020, a total of 13,507,422 and 13,252,286 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. For the six months ended June 30, 2021 and 2020, a total of 13,612,675 and 13,673,790 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive.