Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

18. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2019, 2018 and 2017:

	2019		2018			2017
Numerator:
Net earnings (loss) from continuing operations	$	902,175	$	(162,354	)	$	300,465
Net earnings from discontinued operations, net of income taxes	—		—			10,993
Net earnings (loss) attributable to Enstar Group Limited	$	902,175	$	(162,354	)	$	311,458
Denominator:
Weighted-average ordinary shares outstanding — basic	21,482,617		20,698,310			19,388,621
Effect of dilutive securities:
Share-based compensation plans	227,878		129,746			62,732
Warrants	64,571		76,120			76,238
Weighted-average ordinary shares outstanding — diluted	21,775,066		20,904,176			19,527,591
Earnings per share attributable to Enstar Group Limited:
Basic:
Net earnings (loss) from continuing operations	$	42.00	$	(7.84	)	$	15.50
Net earnings from discontinued operations, net of income taxes	—		—			0.56
Net earnings (loss) per ordinary share	$	42.00	$	(7.84	)	$	16.06
Diluted(1):
Net earnings (loss) from continuing operations	$	41.43	$	(7.84	)	$	15.39
Net earnings from discontinued operations, net of income taxes	—		—			0.56
Net earnings (loss) per ordinary share	$	41.43	$	(7.84	)	$	15.95

⁽¹⁾ During a period of loss, the basic weighted average ordinary shares outstanding is used in the denominator of the diluted loss per ordinary share computation as the effect of including potentially dilutive securities would be anti-dilutive.