EARNINGS (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2014

EARNINGS (LOSS) PER COMMON SHARE

EARNINGS (LOSS) PER COMMON SHARE

NOTE 12. EARNINGS (LOSS) PER COMMON SHARE

The table below is a reconciliation of the numerators and denominators of our basic and diluted loss per common share calculations for net loss from continuing operations for the three and six months ended June 30, 2014 and 2013. Net loss is expressed in millions and weighted average shares are expressed in thousands.

	Net Loss (Numerator)			Weighted Average Shares (Denominator)	Per-Share Amount
Three Months Ended June 30, 2014
Net loss attributable to Tenet Healthcare Corporation common shareholders for basic earnings per share	$	(10	)	97,677	$	(0.11	)
Effect of dilutive stock options and restricted stock units	0			0	0.00
Net loss attributable to Tenet Healthcare Corporation common shareholders for diluted earnings per share	$	(10	)	97,677	$	(0.11	)
Three Months Ended June 30, 2013
Net loss attributable to Tenet Healthcare Corporation common shareholders for basic earnings per share	$	(53	)	103,010	$	(0.52	)
Effect of dilutive stock options and restricted stock units	0			0	0.00
Net loss attributable to Tenet Healthcare Corporation common shareholders for diluted earnings per share	$	(53	)	103,010	$	(0.52	)
Six Months Ended June 30, 2014
Net loss attributable to Tenet Healthcare Corporation common shareholders for basic earnings per share	$	(37	)	97,419	$	(0.38	)
Effect of dilutive stock options and restricted stock units	0			0	0.00
Net loss attributable to Tenet Healthcare Corporation common shareholders for diluted earnings per share	$	(37	)	97,419	$	(0.38	)
Six Months Ended June 30, 2013
Net loss attributable to Tenet Healthcare Corporation common shareholders for basic earnings per share	$	(139	)	103,557	$	(1.34	)
Effect of dilutive stock options and restricted stock units	0			0	0.00
Net loss attributable to Tenet Healthcare Corporation common shareholders for diluted earnings per share	$	(139	)	103,557	$	(1.34	)

All potentially dilutive securities were excluded from the calculation of diluted loss per share for the three and six months ended June 30, 2014 and 2013 because we did not report income from continuing operations available to shareholders in those periods. In circumstances where we do not have income from continuing operations available to shareholders, the effect of stock options and other potentially dilutive securities is anti-dilutive, that is, a loss from continuing operations available to shareholders has the effect of making the diluted loss per share less than the basic loss per share. Had we generated income from continuing operations available to shareholders in those periods, the effect (in thousands) of employee stock options, restricted stock units and deferred compensation units on the diluted shares calculation would have been an increase in shares of 2,123 and 2,053 for the three and six months ended June 30, 2014, respectively, and 2,326 and 2,282 for the three and six months ended June 30, 2013, respectively.