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