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,
Net income (loss)$314,969 $(119,423)$(346,883)
Basic weighted-average common shares outstanding(1)
243,360 224,401 213,795 
Dilutive effect of restricted stock awards granted to Board of Directors136 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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