Keane Group, Inc. Just Filed Its Annual Report: Earnings per ShareBa...
Earnings per Share
Basic income or (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 income or (loss) per share calculations until vested.
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 Company’s Equity and Incentive 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 income or (loss) per share computations is as follows (in thousands):
Year Ended December 31,
2022
2021
2020
Numerator:
Net income (loss)
$
314,969
$
(119,423)
$
(346,883)
Denominator:
Basic weighted-average common shares outstanding(1)
243,360
224,401
213,795
Dilutive effect of restricted stock awards granted to Board of Directors
136
145
199
Dilutive effect of time-based restricted stock awards
4,604
1,140
39
Dilutive effect of performance-based restricted stock awards
1,246
625
1,041
Diluted weighted-average common shares outstanding (1)
249,346
226,311
215,074
(1) As a result of the net loss incurred by the Company for the years ended December 31, 2021 and 2020, 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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