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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
(As Restated)

 

 

2022

 

 

2023
(As Restated)

 

 

2022

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to ADTRAN Holdings, Inc.

 

$

(78,563

)

 

$

(41,934

)

 

$

(157,743

)

 

$

(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

 

$

(1.00

)

 

$

(0.57

)

 

$

(2.01

)

 

$

(0.72

)

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

 

$

(1.00

)

 

$

(0.57

)

 

$

(2.01

)

 

$

(0.72

)