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Net Income per Common Share Attributable to Magellan Health, Inc. (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30:

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2020

    

2021

    

2020

    

2021

    

Numerator:

Net (loss) income from continuing operations

$

(17,296)

$

(114)

$

28,742

$

21,932

Accretion of redeemable non-controlling interest

(5,033)

(5,033)

Net (loss) income from continuing operations after accretion of redeemable non-controlling interest

(17,296)

(5,147)

28,742

16,899

Income from discontinued operations, net of tax

28,943

6,050

84,660

11,165

Net income after accretion of redeemable non-controlling interest

$

11,647

$

903

$

113,402

$

28,064

Denominator:

Weighted average number of common shares outstanding—basic

 

25,448

 

26,247

 

25,078

 

26,120

Common stock equivalents—stock options

 

 

 

67

 

157

Common stock equivalents—RSAs

 

 

 

22

 

24

Common stock equivalents—RSUs

 

 

 

76

 

174

Common stock equivalents—PSUs

70

150

Common stock equivalents—employee stock purchase plan

 

 

 

4

 

1

Weighted average number of common shares outstanding—diluted

 

25,448

 

26,247

 

25,317

 

26,626

Net (loss) income per common share—basic:

Continuing operations

$

(0.68)

$

(0.20)

$

1.15

$

0.65

Discontinued operations

1.14

0.23

3.37

0.43

Consolidated operations

$

0.46

$

0.03

$

4.52

$

1.08

Net (loss) income per common share—diluted:

Continuing operations

$

(0.68)

$

(0.20)

$

1.14

$

0.63

Discontinued operations

1.14

0.23

3.34

0.42

Consolidated operations

$

0.46

$

0.03

$

4.48

$

1.05