The following table sets forth the computation of basic and diluted earnings per share attributable to ANGI Homeservices shareholders:



	Three Months Ended June 30,
	2018						2017
	Basic			Diluted			Basic			Diluted
	(In thousands, except per share data)
Numerator:
Net earnings (loss)	$	23,023		$	23,023		$	(25	)	$	(25	)
Net (earnings) loss attributable to noncontrolling interests	(124		)	(124		)	279			279
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	22,899		$	22,899		$	254		$	254

Denominator:
Weighted average basic shares outstanding	480,618			480,618			414,754			414,754
Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards ^(a)(b)	—			28,145			—			—
Denominator for earnings per share—weighted average shares ^(c)	480,618			508,763			414,754			414,754

Earnings per share attributable to ANGI Homeservices Inc. shareholders:
Earnings per share	$	0.05		$	0.05		$	0.00		$	0.00



	Six Months Ended June 30,
	2018				2017
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net earnings	$	13,909	$	13,909	$	25,862	$	25,862
Net loss attributable to noncontrolling interests	105		105		1,005		1,005
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	14,014	$	14,014	$	26,867	$	26,867

Denominator:
Weighted average basic shares outstanding	479,470		479,470		414,754		414,754
Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards ^(a)(b)	—		27,544		—		—
Denominator for earnings per share—weighted average shares ^(c)	479,470		507,014		414,754		414,754

Earnings per share attributable to ANGI Homeservices Inc. shareholders:
Earnings per share	$	0.03	$	0.03	$	0.06	$	0.06

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^(a)

If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock appreciation rights, stock options and subsidiary denominated equity and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2018, 0.1 million and 0.3 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

^(b)

Performance-based stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon vesting of PSUs are included in the denominator for earnings per share if (i) the applicable performance condition(s) has been met and (ii) the inclusion of the PSUs is dilutive for the respective reporting periods. For both the three and six months ended June 30, 2018, 1.3 million shares underlying PSUs were excluded from the calculation of diluted earnings per share because the performance condition(s) had not been met.


^(c)	The Company computed basic and diluted earnings per share for both the three and six months ended June 30, 2017 using the shares issued to IAC for the contribution of the HomeAdvisor business.