Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 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 tables summarize the computations of basic and diluted earnings (loss) per share:


For the three months ended September 30,	2023		2022
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Income from continuing operations	$	35,735	$	31,852
Loss attributable to noncontrolling interests	177		81








Net income from continuing operations for basic and diluted earnings per share	$	35,912	$	31,933




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



Net income (loss) from discontinued operations for basic and diluted earnings per share	$	246	$	(816)

Denominator used in basic and diluted earnings per common share:
Basic weighted average shares outstanding	157,268		164,645

Dilutive effect of stock options	226		221
Dilutive effect of restricted stock units	310		149
Diluted weighted average shares outstanding	157,804		165,015

Basic and diluted earnings per share:




Income from continuing operations	$	0.23	$	0.19
Income (loss) from discontinued operations	—		—
Basic and diluted earnings per share	$	0.23	$	0.19


For the nine months ended September 30,	2023		2022
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Income from continuing operations	$	69,337	$	25,851
Loss attributable to noncontrolling interests	196		414








Net income from continuing operations for basic and diluted earnings per share	$	69,533	$	26,265




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 per share	$	(3,805)	$	4,064

Denominator used in basic and diluted earnings (loss) per common share:
Basic weighted average shares outstanding	157,217		169,885
Dilutive effect of stock options	219		302
Dilutive effect of restricted stock units	234		173
Diluted weighted average shares outstanding	157,670		170,360





Basic and diluted earnings per share:
Income from continuing operations	$	0.44	$	0.15
(Loss) income from discontinued operations	(0.02)		0.02
Basic and diluted earnings per share	$	0.42	$	0.17

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 September 30,		For the nine months ended September 30,
	2023	2022	2023	2022
Stock options	—	14	—	54
Restricted stock units	—	284	12	239