Net Income per Common Share Attributable to Magellan Health, Inc. (Tables)

3 Months Ended

Mar. 31, 2018

Net Income per Common Share Attributable to Magellan Health, Inc.

Schedule of 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) for the three months ended March 31:

	2017		2018
Numerator:
Net income attributable to Magellan	$	17,747	$	11,452
Denominator:
Weighted average number of common shares outstanding—basic		23,012		24,349
Common stock equivalents—stock options		474		806
Common stock equivalents—RSAs		402		24
Common stock equivalents—RSUs		81		77
Common stock equivalents—PSUs		66		353
Common stock equivalents—employee stock purchase plan		3		3
Weighted average number of common shares outstanding—diluted		24,038		25,612
Net income attributable to Magellan per common share—basic	$	0.77	$	0.47
Net income attributable to Magellan per common share—diluted	$	0.74	$	0.45