(LOSS) EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2021

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

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


	Three Months Ended September 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net (loss) earnings	$	(16,693)	$	(16,693)	$	5,203	$	5,203
Net earnings attributable to noncontrolling interests	(302)		(302)		(731)		(731)
Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	(16,995)	$	(16,995)	$	4,472	$	4,472

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	503,416		503,416		497,501		497,501
Dilutive securities (a) (b) (c)	—		—		—		17,218
Denominator for (loss) earnings per share—weighted average shares	503,416		503,416		497,501		514,719

(Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
(Loss) earnings per share	$	(0.03)	$	(0.03)	$	0.01	$	0.01


	Nine Months Ended September 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net (loss) earnings	$	(44,731)	$	(44,731)	$	9,230	$	9,230
Net earnings attributable to noncontrolling interests	(626)		(626)		(1,049)		(1,049)
Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	(45,357)	$	(45,357)	$	8,181	$	8,181

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	502,859		502,859		497,574		497,574
Dilutive securities (a) (b) (c)	—		—		—		13,901
Denominator for (loss) earnings per share—weighted average shares	502,859		502,859		497,574		511,475

(Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
(Loss) Earnings per share	$	(0.09)	$	(0.09)	$	0.02	$	0.02

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(a) For the three and nine months ended September 30, 2021, the Company had a loss from operations and as a result, approximately 21.2 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.

(b) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of 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, respectively, of potentially dilutive securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(c) 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.