Loss Per Share (Tables)

3 Months Ended

Jun. 30, 2020

Schedule of Basic and Diluted Loss Per Share

The following summarizes the computation of loss per share:


	Three Months Ended June 30,
(in thousands, except per share data)	2020		2019
Basic loss per share:
Net loss attributable to Pyxus International, Inc.	$	(92,161)	$	(61,797)
Shares:
Weighted average number of shares outstanding⁽¹⁾	9,976		9,100
Basic loss per share	$	(9.24)	$	(6.79)

Diluted loss per share:
Net loss attributable to Pyxus International, Inc.	$	(92,161)	$	(61,797)
Shares:
Weighted average number of shares outstanding⁽¹⁾	9,976		9,100
Plus: Restricted shares issued and shares applicable to stock options and restricted stock units, net of shares assumed to be purchased from proceeds at average market price⁽²⁾	—		—
Adjusted weighted average number of shares outstanding	9,976		9,100
Diluted loss per share	$	(9.24)	$	(6.79)
(1) 0 and 785 shares of common stock were owned by a wholly owned subsidiary as of June 30, 2020 and 2019, respectively.
(2) Outstanding restricted shares, shares applicable to stock options, and restricted stock units are excluded because their inclusion would have an antidilutive effect on the loss per share. The dilutive shares would have been 20 and 62 for the three months ended June 30, 2020 and 2019, respectively.

Schedule of Antidilutive Securities excluded from Computation of Earnings (Loss) per Share

The number of potential shares outstanding that were considered antidilutive and that were excluded from the computation of diluted loss per share, weighted for the portion of the period they were outstanding were as follows:


	Three Months Ended June 30,
	2020		2019
Antidilutive stock options and other awards	427		427
Antidilutive stock options and other awards under stock-based compensation programs excluded based on reporting a net loss for the period	24		—
Total common stock equivalents excluded from diluted loss per share	451		427
Weighted average exercise price	$	56.86	$	60.00