XML 35 R26.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Reconciliation of Basic Shares to Diluted Shares
The following is a reconciliation of the numerator and denominator of the basic and diluted EPS computation for net income (loss) per share:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions, except per share amounts)
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
 
Net (loss) income attributable to Covetrus
 
$
(906
)
 
$
16

 
$
(929
)
 
$
67

Denominator:
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
112

 
71

 
106

 
71

Diluted shares
 
 
 
 
 
 
 
 
Effect of dilutive shares (a)
 

 
1

 

 
1

Diluted shares
 
112

 
72

 
106

 
72

(Loss) earnings per share attributable to Covetrus:
 
 
 
 
 
 
 
 
Basic
 
$
(8.09
)
 
$
0.22

 
$
(8.76
)
 
$
0.94

Diluted
 
$
(8.09
)
 
$
0.22

 
$
(8.76
)
 
$
0.94


(a) Shares from share-based awards are not included for periods with a net loss because they would be anti-dilutive