Earnings Per Share

6 Months Ended

Jun. 30, 2020

EARNINGS PER SHARE

Stratus’ basic net income (loss) per share of common stock was calculated by dividing the net income (loss) attributable to common stockholders by the weighted-average shares of common stock outstanding during the period. A reconciliation of net income (loss) and weighted-average shares of common stock outstanding for purposes of calculating diluted net income (loss) per share (in thousands, except per share amounts) follows:



	Three Months Ended									Six Months Ended
	June 30,									June 30,
	2020			2019			2020			2019


Net income (loss) and total comprehensive income (loss) attributable to common stockholders	$	4,134		$	(2,389)		$	3,064		$	(1,527)

Basic weighted-average shares of common stock outstanding	8,210			8,177			8,205			8,172

Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units (RSUs)	18		^a	—		^b	25		^a	—		^b


Diluted weighted-average shares of common stock outstanding	8,228			8,177			8,230			8,172

Basic and diluted net income (loss) per share attributable to common stockholders	$	0.50		$	(0.29)		$	0.37		$	(0.19)

a.Excludes 59 thousand shares for second-quarter 2020 and 37 thousand shares for the first six months of 2020 of common stock associated with RSUs that were anti-dilutive.

b.Excludes 94 thousand shares for second-quarter 2019 and 95 thousand shares for the first six months of 2019 of common stock associated with RSUs and stock options that were anti-dilutive as a result of the net loss.