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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share attributable to ANGI Homeservices shareholders:
 
Three Months Ended September 30,
 
2019
 
2018
 
Basic
 
Diluted
 
Basic
 
Diluted
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net earnings
$
18,324

 
$
18,324

 
$
26,786

 
$
26,786

Net earnings attributable to noncontrolling interests
(325
)
 
(325
)
 
(169
)
 
(169
)
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
17,999

 
$
17,999

 
$
26,617

 
$
26,617

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares outstanding
505,836

 
505,836

 
481,570

 
481,570

Dilutive securities (a) (b)

 
6,241

 

 
39,269

Denominator for earnings per share—weighted average shares
505,836

 
512,077

 
481,570

 
520,839

 
 
 
 
 
 
 
 
Earnings per share attributable to ANGI Homeservices Inc. shareholders:
 
 
 
 
Earnings per share
$
0.04

 
$
0.04

 
$
0.06

 
$
0.05

 
Nine Months Ended September 30,
 
2019
 
2018
 
Basic
 
Diluted
 
Basic
 
Diluted
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net earnings
$
35,409

 
$
35,409

 
$
40,695

 
$
40,695

Net earnings attributable to noncontrolling interests
(473
)
 
(473
)
 
(64
)
 
(64
)
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
34,936

 
$
34,936

 
$
40,631

 
$
40,631

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares outstanding
505,661

 
505,661

 
480,178

 
480,178

Dilutive securities (a) (b)

 
12,955

 

 
31,452

Denominator for earnings per share—weighted average shares
505,661

 
518,616

 
480,178

 
511,630

 
 
 
 
 
 
 
 
Earnings per share attributable to ANGI Homeservices Inc. shareholders:
 
 
 
 
Earnings per share
$
0.07

 
$
0.07

 
$
0.08

 
$
0.08

________________________
(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. For the three and nine months ended September 30, 2019, 6.4 million and 6.0 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three and nine months ended September 30, 2018, 0.2 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") and market-based awards are considered contingently issuable shares. Shares issuable upon exercise or vesting of PSUs and market-based awards are included in the denominator for earnings per share if (i) the applicable performance or market condition(s) has been met and (ii) the inclusion of the PSUs and market-based awards is dilutive for the respective reporting periods. For both three and nine months ended September 30, 2019, 4.8 million shares underlying PSUs and market-based awards were excluded from the calculation of diluted earnings per share because the performance or market conditions had not been met. 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 conditions had not been met.