Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2022

Basic earnings (loss) per share is computed by dividing the earnings (loss) attributable to Oasis common shareholders by the weighted average number of shares outstanding for the periods presented. The calculation of diluted earnings (loss) per share includes the effect of potentially dilutive shares outstanding for the period using the treasury stock method, unless its effect is anti-dilutive. Potentially dilutive shares outstanding include unvested restricted stock awards, RSUs, PSUs, LSUs and warrants. There were no adjustments made to the income (loss) attributable to Oasis available to common shareholders in the calculation of diluted earnings (loss) per share.

The following table summarizes the basic and diluted weighted average common shares outstanding and the weighted average common shares excluded from the calculation of diluted weighted average common shares outstanding due to the anti-dilutive effect for the periods presented (in thousands):


	Three Months Ended March 31,
	2022	2021



Weighted average common shares outstanding:
Basic and diluted	19,306	20,000




Anti-dilutive weighted average common shares:
Potential common shares	2,977	2,265

For the three months ended March 31, 2022 and 2021, the Company incurred a net loss from continuing operations, and therefore the calculation of diluted earnings (loss) per share excludes the anti-dilutive effect of all potentially dilutive shares.