Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2023

Laureate computes basic earnings per share (EPS) by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted EPS reflects the potential dilution that would occur if share-based compensation awards were exercised or converted into common stock. To calculate the diluted EPS, the basic weighted average number of shares is increased by the dilutive effect of stock options, restricted stock units, and any other share-based compensation arrangements determined using the treasury stock method.

The following table summarizes the computations of basic and diluted earnings (loss) per share:


For the three months ended March 31,	2023		2022
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Loss from continuing operations	$	(26,748)	$	(45,415)
Loss attributable to noncontrolling interests	155		469








Net loss from continuing operations for basic and diluted earnings (loss) per share	$	(26,593)	$	(44,946)




Numerator used in basic and diluted earnings (loss) per common share for discontinued operations:



Net (loss) income from discontinued operations for basic and diluted earnings (loss) per share	$	(14)	$	735

Denominator used in basic and diluted earnings (loss) per common share:
Basic and diluted weighted average shares outstanding	157,197		177,995




Basic and diluted earnings (loss) per share:




Loss from continuing operations	$	(0.17)	$	(0.25)
Income from discontinued operations	—		—
Basic and diluted loss per share	$	(0.17)	$	(0.25)

The following table summarizes the number of stock options and restricted stock units that were excluded from the diluted EPS calculations because the effect would have been antidilutive:



For the three months ended March 31,	2023	2022
Stock options	551	1,644
Restricted stock units	692	698