EARNINGS (LOSS) PER SHARE

The following tables set forth the computation of basic and diluted earnings (loss) per share attributable to ANGI Homeservices shareholders:



	Three Months Ended September 30,
	2018						2017
	Basic			Diluted			Basic			Diluted
	(In thousands, except per share data)
Numerator:
Net earnings (loss)	$	26,786		$	26,786		$	(72,158	)	$	(72,158	)
Net (earnings) loss attributable to noncontrolling interests	(169		)	(169		)	397			397
Net earnings (loss) attributable to ANGI Homeservices Inc. shareholders	$	26,617		$	26,617		$	(71,761	)	$	(71,761	)

Denominator:
Weighted average basic shares outstanding	481,570			481,570			415,420			415,420
Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards ^(a)(b)(c)	—			39,269			—			—
Denominator for earnings per share—weighted average shares	481,570			520,839			415,420			415,420

Earnings (loss) per share attributable to ANGI Homeservices Inc. shareholders:
Earnings (loss) per share	$	0.06		$	0.05		$	(0.17	)	$	(0.17	)



	Nine Months Ended September 30,
	2018						2017
	Basic			Diluted			Basic			Diluted
	(In thousands, except per share data)
Numerator:
Net earnings (loss)	$	40,695		$	40,695		$	(46,296	)	$	(46,296	)
Net (earnings) loss attributable to noncontrolling interests	(64		)	(64		)	1,402			1,402
Net earnings (loss) attributable to ANGI Homeservices Inc. shareholders	$	40,631		$	40,631		$	(44,894	)	$	(44,894	)

Denominator:
Weighted average basic shares outstanding	480,178			480,178			414,978			414,978
Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards ^(a)(b)(c)	—			31,452			—			—
Denominator for earnings per share—weighted average shares	480,178			511,630			414,978			414,978

Earnings (loss) per share attributable to ANGI Homeservices Inc. shareholders:
Earnings (loss) per share	$	0.08		$	0.08		$	(0.11	)	$	(0.11	)

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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 nine months ended September 30, 2018, 0.2 million and 0.3 million potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.


^(b)	For the three and nine months ended September 30, 2017, the Company had a loss from operations and as a result, approximately 58.3 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute diluted earnings per share amounts.

^(c)

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 nine months ended September 30, 2018, 1.2 million shares underlying PSUs were excluded from the calculation of diluted earnings per share because the performance condition(s) had not been met.