Earnings Per Share

6 Months Ended

Jun. 30, 2021

Note 14 – Earnings Per Share

Basic earnings per share are computed by dividing net income attributable to common shareholders of Party City Holdco Inc. by the weighted average number of common shares outstanding for the period. Diluted earnings per share are calculated based on the weighted average number of outstanding common shares plus the dilutive effect of stock options and warrants, as if they were exercised, and restricted stock units, as if they vested.

Basic and diluted loss per share is as follows:


	Three Months Ended June 30,					Six Months Ended June 30,
	2021		2020			2021		2020
Net income (loss) attributable to common shareholders of Party City Holdco Inc.	$	29,811	$	(130,015	)	$	15,747	$	(671,528	)
Weighted average shares - Basic		111,340,295		93,419,078			111,128,822		93,407,344
Effect of dilutive securities:
Warrants		—		—			62,121		—
Restricted stock units		4,568,313		—			3,971,807		—
Stock options		342,543		—			336,554		—
Weighted average shares - Diluted		116,251,151		93,419,078			115,499,304		93,407,344
Net income (loss) per share attributable to common shareholders of Party City Holdco Inc. - Basic	$	0.27	$	(1.39	)	$	0.14	$	(7.19	)
Net income (loss) per share attributable to common shareholders of Party City Holdco Inc. - Diluted	$	0.26	$	(1.39	)	$	0.14	$	(7.19	)

During the three and six months ended June 30, 2021, 1,706,449 stock options and 133,406 restricted stock units were excluded from the calculation of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. During the three and six months ended June 30, 2020, 3,613,482 stock options, 1,000,000 warrants and 413,968 restricted stock units were excluded from the calculation of net loss per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive.