NOTE 16. LOSS PER SHARE

Loss per share is based on the amount of income allocated to the shareholders and the weighted average number of shares outstanding during the period for each class of common stock.

Losses related to periods prior to the reorganization and the Offering are attributable to the Predecessor. The following table presents the Company’s calculation of basic and diluted loss per share for the year ended December 31, 2017 (dollars in millions, except share and per share amounts):


	Year Ended
	December 31,
	2017
Loss (numerator):
Basic:
Net loss attributable to Ranger Energy Services, Inc.	$	(6.6)
Less: Net loss attributable to Class B Common Stock		—
Net loss attributable to cClass A Common Stock		(6.6)

Diluted:
Net loss attributable to Ranger Energy Services, Inc.	$	(6.6)
Less: Net loss attributable to Class B Common Stock		—
Net loss attributable to Class A Common Stock		(6.6)

Weighted average shares (denominator):
Weighted average number of shares - basic		8,413,178
Weighted average number of shares - diluted		8,413,178

Basic loss per share		$ (0.78)

Diluted loss per share		$ (0.78)

For the period presented, the Company excluded twenty thousand restricted shares as well as 6.9 million shares of common stock issuable upon conversion of the Company’s Class B Common Stock in calculating diluted loss per share, as the effect was anti-dilutive.