XML 38 R14.htm IDEA: XBRL DOCUMENT v3.20.1
(LOSS) EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE (LOSS) EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted (loss) earnings per share attributable to ANGI Homeservices shareholders:
 
Three Months Ended March 31,
 
2020
 
2019
 
Basic
 
Diluted
 
Basic
 
Diluted
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net (loss) earnings
$
(9,184
)
 
$
(9,184
)
 
$
9,851

 
$
9,851

Net loss attributable to noncontrolling interests
226

 
226

 
118

 
118

Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders
$
(8,958
)
 
$
(8,958
)
 
$
9,969

 
$
9,969

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares outstanding
499,454

 
499,454

 
504,404

 
504,404

Dilutive securities (a) (b) (c)

 

 

 
18,721

Denominator for earnings per share—weighted average shares
499,454

 
499,454

 
504,404

 
523,125

 
 
 
 
 
 
 
 
(Loss) earnings per share attributable to ANGI Homeservices Inc. shareholders:
 
 
 
 
(Loss) earnings per share
$
(0.02
)
 
$
(0.02
)
 
$
0.02

 
$
0.02

________________________
(a) 
For the three months ended March 31, 2020, the Company had a loss from operations and as a result, approximately 38.0 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts.
(b) 
If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options, subsidiary denominated equity, and vesting of restricted stock units ("RSUs"). For the three months ended March 31, 2019, 4.2 million potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.
(c) 
Market-based awards and performance-based stock units ("PSUs") are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For the three months ended March 31, 2019, 0.8 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the performance or market condition(s) had not been met.