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Net Income per Common Share Attributable to Magellan Health, Inc. (Tables)
 3 Months Ended
Mar. 31, 2017
Net Income per Common Share Attributable to Magellan Health, Inc.  
Computation of basic and diluted earnings per share

The following table reconciles income attributable to common shareholders (numerator) and shares (denominator) used in the computations of net income per share attributable to common shareholders (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

 

    

2016

    

2017

    

Numerator:

 

 

 

 

 

 

 

Net income attributable to Magellan Health, Inc.

 

$

13,237

 

$

17,747

 

Denominator:

 

 

 

 

 

 

 

Weighted average number of common shares outstanding—basic

 

 

23,631

 

 

23,012

 

Common stock equivalents—stock options (1)

 

 

253

 

 

474

 

Common stock equivalents—RSAs  (1)

 

 

563

 

 

402

 

Common stock equivalents—RSUs  (1)

 

 

27

 

 

81

 

Common stock equivalents—PSUs  (1)

 

 

35

 

 

66

 

Common stock equivalents—employee stock purchase plan

 

 

 2

 

 

 3

 

Weighted average number of common shares outstanding—diluted (1)

 

 

24,511

 

 

24,038

 

Net income attributable to Magellan Health, Inc. per common share—basic

 

$

0.56

 

$

0.77

 

Net income attributable to Magellan Health, Inc. per common share—diluted

 

$

0.54

 

$

0.74

 

1)

During 2016, the Company early adopted ASU 2016-09. As a result, the common stock equivalents and diluted weighted average common shares outstanding as of March 31, 2016 have been adjusted. There was no impact to net income per common share – diluted.