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(Loss) Income Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
(Loss) Income Per Share

20. (LOSS) INCOME PER SHARE

Basic net (loss) income per share is computed using the weighted average number of Common Shares outstanding for the period. Basic and diluted net income per ordinary share is calculated as follows:

 

 

 

For the Years Ended December 31,

 

(shares in thousands)

 

2022

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income including non-controlling interests

 

$

(101,415

)

 

$

(9,125

)

 

$

11,608

 

Less: Net loss attributable to non-controlling interests

 

$

269

 

 

$

46

 

 

$

 

Net (loss) income attributable to Village Farms International, Inc. shareholders

 

$

(101,146

)

 

$

(9,079

)

 

$

11,608

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of common shares – basic

 

 

89,127

 

 

 

82,161

 

 

 

58,526

 

Effect of dilutive securities – share-based employee options and awards

 

 

 

 

 

 

 

 

2,964

 

Weighted average number of common shares – diluted

 

 

89,127

 

 

 

82,161

 

 

 

61,490

 

Anti-dilutive options and awards (1)

 

 

4,089

 

 

 

3,822

 

 

 

500

 

Net (loss) income per ordinary share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.13

)

 

$

(0.11

)

 

$

0.20

 

Diluted

 

$

(1.13

)

 

$

(0.11

)

 

$

0.19

 

 

(1)
Options to purchase shares of common stock and unvested RSUs are not included in the calculation of net (loss) income per share because the effect would have been anti-dilutive.