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

3 Months Ended

Mar. 31, 2021

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 months ended March 31:

	Three Months Ended
	March 31,
	2020		2021
Numerator:
Net (loss) income from continuing operations	$	(1,070)	$	28,509
Income (loss) from discontinued operations, net of tax		19,320		(682)
Net income	$	18,250	$	27,827
Denominator:
Weighted average number of common shares outstanding—basic		24,728		25,948
Common stock equivalents—stock options		61		186
Common stock equivalents—RSAs		21		19
Common stock equivalents—RSUs		50		196
Common stock equivalents—PSUs		—		201
Common stock equivalents—employee stock purchase plan		9		3
Weighted average number of common shares outstanding—diluted		24,869		26,553
Net (loss) income per common share—basic:
Continuing operations	$	(0.04)	$	1.10
Discontinued operations		0.78		(0.03)
Consolidated operations	$	0.74	$	1.07
Net (loss) income per common share—diluted:
Continuing operations	$	(0.04)	$	1.07
Discontinued operations		0.78		(0.03)
Consolidated operations	$	0.74	$	1.04