Earnings Per Share

On February 7, 2019, Henry Schein distributed approximately 71 million shares of Covetrus common stock to its shareholders. The computation of basic earnings per common share (“EPS”) for periods prior to the Separation was performed using the shares distributed by Henry Schein on February 7, 2019. The weighted-average number of shares outstanding for diluted EPS for the periods prior to the Separation also includes approximately 1 million of diluted common share equivalents for restricted stock and restricted stock units as these share-based awards were previously issued by Henry Schein, outstanding at the time of the Separation, and were assumed by Covetrus following the Separation.

Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. In addition, the shares of common stock issuable pursuant to restricted stock awards, restricted stock units, and stock options outstanding under our 2019 Omnibus Incentive Compensation Plan are included in the diluted EPS calculation to the extent they are dilutive.

The following is a reconciliation of the numerator and denominator of the basic and diluted EPS computation for net (loss) earnings per share:



	December 31, 2019			December 29, 2018		December 30, 2017
Numerator:
Net (loss) income attributable to Covetrus	$	(1,019	)	$	101	$	64
Denominator:
Basic
Weighted-average common shares outstanding	107			71		71
Diluted
Effect of dilutive shares ^(a)	—			1		1
Diluted shares	107			72		72
Basic (loss) earnings per share	$	(9.50	)	$	1.41	$	0.90
Diluted (loss) earnings per share	$	(9.50	)	$	1.40	$	0.89

(a) Shares from share-based awards are not included for periods with a net loss because they would be anti-dilutive. See Note 16 - Share-based Compensation and Other Employee Benefits