Earnings Per Share

3 Months Ended

Mar. 31, 2023

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, restricted stock units, and deferred cash-denominated awards. For awards that are performance based, the dilutive 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:


	Three Months Ended March 31,
	2023	2022

	(in thousands)
Basic weighted average shares outstanding	454,686	453,229
Effect of dilution:
Stock options	—	—
Restricted stock	245	—
Deferred cash-denominated awards (Note 12)	663	—
Diluted weighted average shares outstanding	455,594	453,229

Weighted average shares excluded from diluted weighted average shares outstanding:
Anti-dilutive shares	50,539	58,401
Share-based compensation awards whose performance metrics have not been achieved	6,921	7,705

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.