Earnings Per Share

12 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE

On June 3, 2020, 122.2 million shares of our common stock were issued in conjunction with the acquisition of the legacy ChampionX business. See Note 3—Merger Transaction, Acquisitions, and Dispositions for additional information.

A reconciliation of the number of shares used for the basic and diluted earnings (loss) per share calculation was as follows:


	Years Ended December 31,
(in thousands, except per share data)	2021		2020		2019
Net income (loss) attributable to ChampionX	$	113,299	$	(743,930)	$	52,164

Weighted-average number of shares outstanding	201,579		148,370		77,427
Dilutive effect of stock-based compensation	6,746		—		197
Total shares and dilutive securities	208,325		148,370		77,624

Basic earnings per share attributable to ChampionX	$	0.56	$	(5.01)	$	0.67
Diluted earnings per share attributable to ChampionX	$	0.54	$	(5.01)	$	0.67

For all periods presented, the computation of diluted earnings (losses) per share excludes awards with an anti-dilutive impact. For the years ended December 31, 2021 and December 31, 2019, the diluted shares include the dilutive impact of equity awards except for approximately 0.4 million shares and 0.4 million shares that were excluded because their inclusion would be anti-dilutive. For the year ended December 31, 2020, we excluded all outstanding equity awards from the calculation of weighted-average shares outstanding, because their inclusion would be anti-dilutive as we were in a loss position.