EARNINGS (LOSS) PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Reconciliation of Weighted-Average Common Shares Outstanding Used in Calculation of Basic EPS to Diluted EPS

The following table presents the calculation of basic and diluted earnings (loss) per common share attributable to CareTrust REIT, Inc. (“EPS”) for the Company’s common stock for the three and nine months ended September 30, 2023 and 2022, and reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS (amounts in thousands, except per share amounts):

 

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to CareTrust REIT, Inc.	$	8,696	$	709	$	27,439	$	(21,886)
Less: Net income allocated to participating securities	(89)		(94)		(267)		(305)
Numerator for basic and diluted earnings available to common stockholders	$	8,607	$	615	$	27,172	$	(22,191)
Denominator:
Weighted-average basic common shares outstanding	104,011		96,605		100,748		96,527
Dilutive potential common shares - performance stock awards	201		20		128		—
Dilutive potential common shares - forward equity agreements	99		—		42		—
Weighted-average diluted common shares outstanding	104,311		96,625		100,918		96,527
Earnings (loss) per common share attributable to CareTrust REIT, Inc., basic	$	0.08	$	0.01	$	0.27	$	(0.23)
Earnings (loss) per common share attributable to CareTrust REIT, Inc., diluted	$	0.08	$	0.01	$	0.27	$	(0.23)
Antidilutive unvested restricted stock awards, total shareholder return units, performance awards, and forward equity shares excluded from the computation	317		341		317		478