Earnings Per Share

3 Months Ended

Mar. 31, 2023

LOSS) PER SHARE

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):


	Three Months Ended
	March 31,
	2023		2022
Net loss	$	(9,734)	$	(4,122)
Less: Net (income) loss attributable to redeemable non-controlling interest	338		(470)

Net loss attributable to Pixelworks, Inc. - for purposes of earnings per share calculation	$	(9,396)	$	(4,592)
Weighted average shares outstanding - basic and diluted	55,720		53,680




Net loss attributable to Pixelworks, Inc. per share - basic and diluted	$	(0.17)	$	(0.09)

Basic and diluted earnings (loss) per share was computed by dividing the net income (loss) by the weighted-average number of common shares outstanding for the period. The numerator adjustments include an allocation of PWSH income to the non-controlling interests, the redeemable non-controlling interests and the employee owned entities. The equity interest associated with the employee-owned entities are considered participating securities at PWSH and will be allocated income, however, they are not required to fund losses, and therefore, no allocations of losses will be made to the employee owned entities in periods of loss at PWSH. Potentially dilutive common shares from employee equity incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the employee stock purchase plan

The following shares were excluded from the calculation of diluted net loss per share as their effect would have been anti-dilutive (in thousands):


	Three Months Ended
	March 31,
	2023	2022
Employee equity incentive plans	3,891	3,780