Earnings or Loss per Share

9 Months Ended

Sep. 30, 2020

Basic earnings or loss per share (EPS) is computed by dividing net earnings or loss by the weighted average number of shares outstanding for the period. Diluted EPS presents the dilutive effect, if any, on a per share basis of potential shares (e.g., options, SARs, RSUs, RSAs, PSARs and PSUs) as if they had been exercised, vested or converted at the beginning of the periods presented.

The details of our basic and diluted weighted average ordinary shares outstanding are set forth below:



	Three months ended		Nine months ended
	September 30,		September 30,
	2020	2019	2020	2019

Weighted average ordinary shares outstanding (basic EPS computation)	590,985,197	714,234,500	608,816,109	730,476,710
Incremental shares attributable to the assumed exercise of outstanding options and SARs and the release of RSUs and PSUs upon vesting (treasury stock method)	—	3,086,122	—	—
Weighted average ordinary shares outstanding (diluted EPS computation)	590,985,197	717,320,622	608,816,109	730,476,710

A total of 61.1 million options, SARs and RSUs and 25.2 million PSARs and PSUs were excluded from the calculation of diluted earnings per share during the three months ended September 30, 2019 because their effect would have been anti-dilutive or, in the case of the PSARs and PSUs, because such awards had not yet met the applicable performance criteria.

We reported losses from continuing operations attributable to Liberty Global shareholders for the three and nine months ended September 30, 2020 and the nine months ended September 30, 2019. Therefore, the potentially dilutive effect at September 30, 2020 and 2019 of the following items was not included in the computation of diluted loss from continuing operations attributable to Liberty Global shareholders per share for such periods because their inclusion would have been anti-dilutive to the computation or, in the case of certain PSARs and PSUs, because such awards had not yet met the applicable performance criteria: (i) the aggregate number of shares issuable pursuant to outstanding options, SARs, RSUs and RSAs of 77.3 million and 59.2 million, respectively, and (ii) the aggregate number of shares issuable pursuant to PSARs and PSUs of 20.2 million and 5.8 million, respectively.