Keane Group, Inc. Just Filed Its Quarterly Report: Earnings per Share B...
Earnings per Share
Basic income or (loss) per share is based on the weighted average number of common shares outstanding during the period. Diluted income or (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 Equity Awards Plans, had been issued. Anti-dilutive securities represent potentially dilutive securities which 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 income (loss) per share computations is as follows (in thousands of dollars):
Three Months Ended March 31,
2022
2021
Numerator:
Net Income (loss)
$
8,792
$
(54,502)
Denominator:
Basic weighted-average common shares outstanding(1)
243,269
215,110
Dilutive effect of restricted stock awards granted to Board of Directors
160
274
Dilutive effect of time-based restricted stock awards granted under the Equity Plan
3,697
740
Dilutive effect of performance-based restricted stock awards granted under the Equity Plan
579
1,221
Diluted weighted-average common shares outstanding(1)
247,705
217,345
(1) As a result of the net loss incurred by the Company for the three months ended March 2021, 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.
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