Schedule of basic and diluted net income per share |
The following table sets forth the computation of basic and diluted net (loss) income per share for the periods presented:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2022 | | 2021 | | 2022 | | 2021 | Numerator: | | | | | | | | Net (loss) income | $ | (2,596) | | | $ | 2,469 | | | $ | (1,438) | | | $ | 3,382 | | Less: net income (loss) attributable to noncontrolling interests | 80 | | | (181) | | | 224 | | | (218) | | Net (loss) income attributable to The Pennant Group, Inc. | $ | (2,676) | | | $ | 2,650 | | | $ | (1,662) | | | $ | 3,600 | | | | | | | | | | Denominator: | | | | | | | | Weighted average shares outstanding for basic net (loss) income per share | 28,605 | | | 28,356 | | | 28,589 | | | 28,324 | | Plus: assumed incremental shares from exercise of options and assumed conversion or vesting of restricted stock(a) | — | | | 2,291 | | | — | | | 2,461 | | Adjusted weighted average common shares outstanding for diluted income per share | 28,605 | | | 30,647 | | | 28,589 | | | 30,785 | | | | | | | | | | (Loss) Earnings Per Share: | | | | | | | | Basic net (loss) income per common share | $ | (0.09) | | | $ | 0.09 | | | $ | (0.06) | | | $ | 0.13 | | Diluted net (loss) income per common share | $ | (0.09) | | | $ | 0.09 | | | $ | (0.06) | | | $ | 0.12 | |
| | | | | | | | | (a) | | The diluted per share amounts do not reflect common equivalent shares outstanding of 3,832 and 3,806 for the three and six months ended June 30, 2022 and 484 and 380 for the three and six months ended June 30, 2021, respectively, because of their anti-dilutive effect. |
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