EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2020

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


	Three Months Ended September 30,
	2020				2019
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net earnings	$	5,203	$	5,203	$	18,324	$	18,324
Net earnings attributable to noncontrolling interests	(731)		(731)		(325)		(325)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	4,472	$	4,472	$	17,999	$	17,999

Denominator:
Weighted average basic shares outstanding	497,501		497,501		505,836		505,836
Dilutive securities (a) (b)	—		17,218		—		6,241
Denominator for earnings per share—weighted average shares	497,501		514,719		505,836		512,077

Earnings per share attributable to ANGI Homeservices Inc. shareholders:
Earnings per share	$	0.01	$	0.01	$	0.04	$	0.04


	Nine Months Ended September 30,
	2020				2019
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net earnings	$	9,230	$	9,230	$	35,409	$	35,409
Net earnings attributable to noncontrolling interests	(1,049)		(1,049)		(473)		(473)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	8,181	$	8,181	$	34,936	$	34,936

Denominator:
Weighted average basic shares outstanding	497,574		497,574		505,661		505,661
Dilutive securities (a) (b)	—		13,901		—		12,955
Denominator for earnings per share—weighted average shares	497,574		511,475		505,661		518,616

Earnings per share attributable to ANGI Homeservices Inc. shareholders:
Earnings per share	$	0.02	$	0.02	$	0.07	$	0.07

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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, 2020, 1.4 million and 5.4 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, 2019, 6.4 million and 6.0 million potentially dilutive securities, respectively, are excluded from the calculation of diluted securities per share because their inclusion would have been anti-dilutive.

(b) Market-based awards and performance-based stock units ("PSUs") are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For both the three and nine months ended September 30, 2020, 1.2 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met. For both the three and nine months ended September 30, 2019, 4.8 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met.