(Loss) Earnings Per Share

12 Months Ended

Dec. 31, 2021

NOTE 10. (LOSS) EARNINGS PER SHARE

Basic net (loss) income per share is computed by dividing net (loss) income attributable to common stockholders (the numerator) by the weighted average number of common stock outstanding for the period (the denominator). Diluted net (loss) income per common stock attributable to common stockholders is computed by dividing net income by the weighted average number of common stocks outstanding during the period adjusted for the dilutive effects of common stock equivalents using the treasury stock method or the if-converted method based on the nature of such securities. In periods when losses from continuing operations are reported, the weighted-average number of common stock outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. The computation of net (loss) income per share for the years ended December 31, 2021, 2020 and 2019, respectively was as follows:


	December 31,
(in thousands, except per share data)	2021			2020			2019
Net (loss) income attributable to common stockholders
Net (loss) income attributable to Paragon 28, Inc.	$	(13,693	)	$	3,498		$	3,117
Less: Dividends on Series B convertible preferred stock		—			(812	)		—
Net (loss) income attributable to common stockholders	$	(13,693	)	$	2,686		$	3,117

Weighted-average common stock outstanding:
Basic		52,916,711			43,510,185			42,499,735
Dilutive impact of Series A convertible preferred stock		-			13,812,500			13,812,500
Dilutive impact of stock awards outstanding		-			3,083,495			5,150,175
Diluted		52,916,711			60,406,180			61,462,410

(Loss) earnings per share:
Basic	$	(0.26	)	$	0.06		$	0.07
Diluted	$	(0.26	)	$	0.04		$	0.05

The following outstanding potentially dilutive securities were excluded from the calculation of diluted net (loss) earnings per share attributable to common stockholders because their impact would have been antidilutive for the period presented:


	December 31,
	2021		2020		2019
Stock options		7,953,018		—		—
Restricted stock units		79,886		—		—
Series B convertible preferred stock		—		6,608,700		—