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Earnings Per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share of Class A common stock is computed by dividing net income attributable to Planet Fitness, Inc. by the weighted-average number of shares of Class A common stock outstanding during the same period. Diluted earnings per share of Class A common stock is computed by dividing net income attributable to Planet Fitness, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities.
Shares of the Company’s Class B common stock do not share in the earnings or losses attributable to Planet Fitness, Inc. and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been presented. Shares of the Company’s Class B common stock are, however, considered potentially dilutive shares of Class A common stock because shares of Class B common stock, together with the related Holdings Units, are exchangeable into shares of Class A common stock on a one-for-one basis.
The following table sets forth reconciliations used to compute basic and diluted earnings per share of Class A common stock:  
 
 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
2020
 
2019
 
2020
 
2019
Numerator
 
 

 
 

 
 
 
 
Net (loss) income
 
$
(31,985
)
 
$
39,827

 
$
(21,602
)
 
$
71,466

Less: net (loss) income attributable to non-controlling interests
 
(2,808
)
 
4,983

 
(1,032
)
 
9,213

Net (loss) income attributable to Planet Fitness, Inc.
 
$
(29,177
)
 
$
34,844

 
$
(20,570
)
 
$
62,253

Denominator
 
 
 
 
 
 
 
 
Weighted-average shares of Class A common stock outstanding - basic
 
79,965,842

 
84,142,975

 
79,532,155

 
83,975,192

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options
 
—

 
643,120

 
—

 
614,050

Restricted stock units
 
—

 
49,088

 
—

 
49,408

Weighted-average shares of Class A common stock outstanding - diluted
 
79,965,842

 
84,835,183

 
79,532,155

 
84,638,650

(Loss) earnings per share of Class A common stock - basic
 
$
(0.36
)
 
$
0.41

 
$
(0.26
)
 
$
0.74

(Loss) earnings per share of Class A common stock - diluted
 
$
(0.36
)
 
$
0.41

 
$
(0.26
)
 
$
0.74


Potentially dilutive stock options of 516,927 and 546,303 for the three and six months ended June 30, 2020 and restricted stock units of 31,811 and 41,189 for the three and six months ended June 30, 2020 were not included in the computation of diluted loss per share because the inclusion thereof would be antidilutive.
Weighted average shares of Class B common stock of 6,500,908 and 8,585,294 for the three months ended June 30, 2020 and 2019, respectively, and 7,139,172 and 8,910,315 for the six months ended June 30, 2020 and 2019, respectively, were evaluated under the if-converted method for potential dilutive effects and were determined to be anti-dilutive. Weighted average stock options outstanding of 179,893 and 72,984 for the three months ended June 30, 2020 and 2019, respectively, and 147,118 and 36,648 for the six months ended June 30, 2020 and 2019, respectively, were evaluated under the treasury stock method for potential dilutive effects and were determined to be anti-dilutive. Weighted average restricted stock units outstanding of 2,331 and 0 for the three months ended June 30, 2020 and 2019, respectively, and 3,069 and 1,209 for the six months ended June 30, 2020 and 2019, respectively, were evaluated under the treasury stock method for potential dilutive effects and were determined to be anti-dilutive.