Schedule of Basic and Diluted Loss Per Share |
The following summarizes the computation of (loss) earnings per share:
| | | | | | | | | | | | | Successor | Predecessor | (in thousands, except per share data) | One month ended September 30, 2020 | Two months ended August 31, 2020 | Three months ended September 30, 2019 | | | | | | | | Basic (loss) earnings per share: | | | | Net (loss) income attributable to Pyxus International, Inc. | $ | (5,313) | | $ | 111,198 | | $ | (16,518) | | Shares: | | | | Weighted average number of shares outstanding(1) | 25,000 | | 9,976 | | 9,144 | | Basic (loss) earnings per share | $ | (0.21) | | $ | 11.15 | | $ | (1.81) | | | | | | Diluted (loss) earnings per share: | | | | Net (loss) income attributable to Pyxus International, Inc. | $ | (5,313) | | $ | 111,198 | | $ | (16,518) | | Shares: | | | | Weighted average number of shares outstanding(1) | 25,000 | | 9,976 | | 9,144 | | Plus: Restricted shares issued and shares applicable to stock options and restricted stock units, net of shares assumed to be purchased from proceeds at average market price(2) | — | | 23 | | — | | Adjusted weighted average number of shares outstanding | 25,000 | | 9,999 | | 9,144 | | Diluted (loss) earnings per share | $ | (0.21) | | $ | 11.12 | | $ | (1.81) | | (1) 0, 0, and 785 shares of common stock were owned by a wholly owned subsidiary as of August 31, 2020 and September 30, 2020 and 2019, respectively. | (2) Outstanding restricted shares, shares applicable to stock options, and restricted stock units are excluded because their inclusion would have an antidilutive effect on the loss per share. The dilutive shares would have been 20 for the three months ended September 30, 2019. |
| | | | | | | | | | | | | Successor | Predecessor | (in thousands, except per share data) | One month ended September 30, 2020 | Five months ended August 31, 2020 | Six months ended September 30, 2019 | | | | | | | | Basic (loss) earnings per share: | | | | Net (loss) income attributable to Pyxus International, Inc. | $ | (5,313) | | $ | 19,037 | | $ | (78,315) | | Shares: | | | | Weighted average number of shares outstanding(1) | 25,000 | | 9,976 | | 9,123 | | Basic (loss) earnings per share | $ | (0.21) | | $ | 1.91 | | $ | (8.58) | | | | | | Diluted (loss) earnings per share: | | | | Net (loss) income attributable to Pyxus International, Inc. | $ | (5,313) | | $ | 19,037 | | $ | (78,315) | | Shares: | | | | Weighted average number of shares outstanding(1) | 25,000 | | 9,976 | | 9,123 | | Plus: Restricted shares issued and shares applicable to stock options and restricted stock units, net of shares assumed to be purchased from proceeds at average market price(2) | — | | 16 | | — | | Adjusted weighted average number of shares outstanding | 25,000 | | 9,992 | | 9,123 | | Diluted (loss) earnings per share | $ | (0.21) | | $ | 1.91 | | $ | (8.58) | | (1) 0, 0, and 785 shares of common stock were owned by a wholly owned subsidiary as of August, 31, 2020 and September 30, 2020 and 2019, respectively. | (2) Outstanding restricted shares, shares applicable to stock options, and restricted stock units are excluded because their inclusion would have an antidilutive effect on the loss per share. The dilutive shares would have been 39 for the six months ended September 30, 2019. |
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