EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Computation of Basic and Diluted Earnings (Loss) per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:


	Three Months Ended March 31,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net earnings (loss)	$	2,014	$	2,014	$	(9,184)	$	(9,184)
Net (earnings) loss attributable to noncontrolling interests	(83)		(83)		226		226
Net earnings (loss) attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	1,931	$	1,931	$	(8,958)	$	(8,958)

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	500,663		500,663		499,454		499,454
Dilutive securities (a) (b) (c)	—		9,990		—		—
Denominator for earnings (loss) per share—weighted average shares	500,663		510,653		499,454		499,454

Earnings (loss) per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
Earnings (loss) per share	$	0.00	$	0.00	$	(0.02)	$	(0.02)

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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 months ended March 31, 2021, 5.2 million potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(b) Market-based awards and performance-based stock units are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and performance-based stock units 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 market-based award and performance-based stock units is dilutive for the respective reporting periods. For the three months ended March 31, 2021, 1.4 million shares underlying market-based awards and performance-based stock awards were excluded from the calculation of diluted earnings per share because the performance or market condition(s) had not been met.

(c) For the three months ended March 31, 2020, the Company had a loss from operations and as a result, approximately 38.0 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 all earnings per share amounts.