Keane Group, Inc. Just Filed Its Annual Report: Loss per ShareBasic ...
Loss per Share
Basic loss per share is based on the weighted average number of common shares outstanding during the period. Restricted stock awards and RSUs are not considered issued and outstanding for purposes of earnings per share calculations until vested.
Diluted loss per share includes additional common shares that would have been outstanding if potential common shares with a dilutive effect, such as stock awards from the Company’s Equity and Incent
ive Award Plan, had been issued. Anti-dilutive securities represent potentially dilutive securities that are excluded from the computation of diluted income or (loss) per share as their impact would be anti-dilutive.
A reconciliation of the numerators and denominators used for the basic and diluted net loss per share computations is as follows (in thousands):
Year Ended December 31,
2021
2020
2019
Numerator:
Net loss
$
(119,423)
$
(346,883)
$
(106,157)
Denominator:
Basic weighted-average common shares outstanding(1)
224,401
213,795
122,977
Dilutive effect of restricted stock awards
145
199
43
Dilutive effect of RSUs granted under stock incentive plans
1,140
39
81
Dilutive effect of performance-based restricted stock awards granted under the Equity Plan
625
1,041
—
Diluted weighted-average common shares outstanding
226,311
215,074
123,101
(1) As a result of the net loss incurred by the Company for the years ended December 31, 2021, 2020 and 2019, the calculation of diluted net loss per share gives no consideration to the potentially anti-dilutive securities shown in the above reconciliation, and as such is the same as basic net loss per share.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Keane Group, Inc.
makes a similar move, sign up!
