Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Net Income (Loss) Per Share Reconciliation


	Quarter Ended March 31,
(in thousands, except per share amounts)	2022		2021
Numerator for basic and diluted net earnings (loss) per share:
Net income (loss) attributable to 3D Systems Corporation	$	(26,799)	$	45,228

Denominator for net earnings (loss) per share:
Weighted average shares - basic	126,728		121,705
Dilutive effect of shares issuable under stock based compensation and other plans(1)	—		3,365
Weighted average shares - diluted	126,728		125,070
Anti-dilutive shares of stock based compensation awards which are excluded from the dilutive shares above(2)	1,503		—

Net income (loss) per share - basic	$	(0.21)	$	0.37
Net income (loss) per share - diluted	$	(0.21)	$	0.36

(1) The dilutive impact of share awards for the three months ended March 31, 2021 is 3,365 shares for which the calculation requires certain assumptions regarding assumed proceeds that will hypothetically repurchase unvested restricted shares and outstanding stock options. Because we had a net loss in the first quarter of 2022, dilutive shares are deemed ant-dilutive.

(2) Excludes the impact of shares contingently issuable upon the achievement of certain milestones in the Volumetric acquisition as discussed in Note 2. Additionally, it excludes 3,451 shares which are deemed fully or partially repurchased based on the calculation which requires certain assumptions regarding the assumed proceeds that will hypothetically repurchase unvested restricted shares and outstanding stock options.