Earnings Per Share

6 Months Ended

Jun. 30, 2022

NET INCOME PER SHARE

Basic net income per common share attributable to Altice USA stockholders is computed by dividing net income attributable to Altice USA stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share attributable to Altice USA stockholders reflects the dilutive effects of stock options, restricted stock and restricted stock units. For such awards that are performance based, the diluted effect is reflected upon the achievement of the performance criteria.

The following table presents a reconciliation of weighted average shares used in the calculations of the basic and diluted net income per share attributable to Altice USA stockholders for the three and six months ended June 30, 2022 and 2021:


	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
	(in thousands)
Basic weighted average shares outstanding	453,230	456,955	453,230	463,060
Effect of dilution:
Stock options	—	6,681	—	6,427
Restricted stock	—	1	—	23

Diluted weighted average shares outstanding	453,230	463,637	453,230	469,510

Weighted average shares excluded from diluted weighted average shares outstanding:
Anti-dilutive shares	57,921	910	58,160	704
Performance stock units and restricted stock whose performance metrics have not been achieved.	7,445	8,747	7,574	8,748

Net income per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Altice USA.