Net Income per Common Share Attributable to Magellan Health, Inc. (Tables)

6 Months Ended

Jun. 30, 2018

Net Income per Common Share Attributable to Magellan Health, Inc.

Schedule of computation of basic and diluted earnings per share

The following table reconciles income attributable to common shareholders (numerator) and shares (denominator) used in the computations of net income per share attributable to common shareholders (in thousands, except per share data) for the three and six months ended June 30:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2018		2017		2018
Numerator:
Net income attributable to Magellan	$	5,500	$	13,551	$	23,247	$	25,003
Denominator:
Weighted average number of common shares outstanding—basic		23,108		24,569		23,060		24,460
Common stock equivalents—stock options		399		669		436		738
Common stock equivalents—RSAs		439		33		421		28
Common stock equivalents—RSUs		30		23		56		50
Common stock equivalents—PSUs		61		111		62		232
Common stock equivalents—employee stock purchase plan		1		2		2		2
Weighted average number of common shares outstanding—diluted		24,038		25,407		24,037		25,510
Net income attributable to Magellan per common share—basic	$	0.24	$	0.55	$	1.01	$	1.02
Net income attributable to Magellan per common share—diluted	$	0.23	$	0.53	$	0.97	$	0.98