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

6 Months Ended

Jun. 30, 2020

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 and six months ended June 30:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2020		2019		2020
Numerator:
Net income (loss) from continuing operations	$	7,215	$	47,108	$	(976)	$	46,038
Income from discontinued operations, net of tax		6,398		36,397		15,020		55,717
Net income	$	13,613	$	83,505	$	14,044	$	101,755
Denominator:
Weighted average number of common shares outstanding—basic		24,101		25,054		24,024		24,891
Common stock equivalents—stock options		153		31		132		46
Common stock equivalents—RSAs		7		28		7		25
Common stock equivalents—RSUs		18		46		19		48
Common stock equivalents—PSUs		130		118		127		59
Common stock equivalents—employee stock purchase plan		7		1		6		5
Weighted average number of common shares outstanding—diluted		24,416		25,278		24,315		25,074
Net income (loss) per common share—basic:
Continuing operations	$	0.30	$	1.88	$	(0.04)	$	1.85
Discontinued operations		0.26		1.45		0.62		2.24
Consolidated operations	$	0.56	$	3.33	$	0.58	$	4.09
Net income (loss) per common share—diluted:
Continuing operations	$	0.30	$	1.86	$	(0.04)	$	1.84
Discontinued operations		0.26		1.44		0.62		2.22
Consolidated operations	$	0.56	$	3.30	$	0.58	$	4.06