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

3 Months Ended

Mar. 31, 2019

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:

	Three Months Ended
	March 31,
	2018		2019
Numerator:
Net income	$	11,452	$	431
Denominator:
Weighted average number of common shares outstanding—basic		24,349		23,946
Common stock equivalents—stock options		806		111
Common stock equivalents—RSAs		24		7
Common stock equivalents—RSUs		77		19
Common stock equivalents—PSUs		353		124
Common stock equivalents—employee stock purchase plan		3		6
Weighted average number of common shares outstanding—diluted		25,612		24,213
Net income per common share—basic	$	0.47	$	0.02
Net income per common share—diluted	$	0.45	$	0.02