Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

NET INCOME PER SHARE

Basic net income per common share attributable to Altice USA stockholders is computed by dividing net income attributable to Altice USA stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share attributable to Altice USA stockholders reflects the dilutive effects of stock options, restricted stock and restricted stock units. For awards that are performance based, the diluted effect is reflected upon the achievement of the performance criteria.

The following table presents a reconciliation of weighted average shares used in the calculations of the basic and diluted net income per share attributable to Altice USA stockholders:

	Years Ended December 31,
	2021	2020	2019
	(in thousands)
Basic weighted average shares outstanding	458,311	581,057	660,384
Effect of dilution:
Stock options	3,972	2,617	1,348
Restricted stock	11	15	809
Restricted stock units	1	—	—
Diluted weighted average shares outstanding	462,295	583,689	662,541
Weighted average shares excluded from diluted weighted average shares outstanding:
Anti-dilutive shares	15,856	25,768	4,245
Performance stock units and restricted stock whose performance metrics have not been achieved.	8,557	8,308	—

Net income per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Altice USA.