EARNINGS (LOSS) PER SHARE

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



	Years Ended December 31,
	2018						2017						2016
	Basic			Diluted			Basic			Diluted			Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net earnings (loss)	$	77,507		$	77,507		$	(104,527	)	$	(104,527	)	$	10,631	$	10,631
Net (earnings) loss attributable to noncontrolling interests	(189		)	(189		)	1,409			1,409			2,497		2,497
Net earnings (loss) attributable to ANGI Homeservices Inc. shareholders	$	77,318		$	77,318		$	(103,118	)	$	(103,118	)	$	13,128	13,128

Denominator:
Weighted average basic shares outstanding	484,232			484,232			430,612			430,612			414,754		414,754
Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards ^{(a) (b) (c)}	—			29,365			—			—			—		—
Denominator for earnings per share—weighted average shares ^(d)	484,232			513,597			430,612			430,612			414,754		414,754

Earnings (loss) per share attributable to ANGI Homeservices Inc. shareholders:
Earnings (loss) per share	$	0.16		$	0.15		$	(0.24	)	$	(0.24	)	$	0.03	$	0.03

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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 year ended December 31, 2018, 3.1 million potentially dilutive securities 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 the year ended December 31, 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)	For the year ended December 31, 2017, the Company had a loss from operations and as a result, approximately 54.1 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.


^(d)	The Company computed basic and diluted earnings per share for the year ended December 31, 2016 using the shares issued to IAC for the contribution of the HomeAdvisor business.