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Loss per share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Loss Earnings Per Share

The calculation of basic and diluted loss per share is as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands, except per share amounts)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to ADTRAN Holdings, Inc.

 

$

(72,735

)

 

$

(41,934

)

 

$

(140,533

)

 

$

(40,918

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

78,389

 

 

 

73,036

 

 

 

78,378

 

 

 

57,175

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

 

 

 

 

 

 

PSUs, RSUs and restricted stock

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – diluted

 

 

78,389

 

 

 

73,036

 

 

 

78,378

 

 

 

57,175

 

Loss per share attributable to ADTRAN Holdings, Inc. – basic

 

$

(0.93

)

 

$

(0.57

)

 

$

(1.79

)

 

$

(0.72

)

Loss per share attributable to ADTRAN Holdings, Inc. – diluted

 

$

(0.93

)

 

$

(0.57

)

 

$

(1.79

)

 

$

(0.72

)