Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2024

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 June 30,	2024		2023
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Income from continuing operations	$	127,957	$	60,350
Income attributable to noncontrolling interests	(221)		(136)








Net income from continuing operations for basic and diluted earnings per share	$	127,736	$	60,214




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 (loss) per share	$	394	$	(4,037)

Denominator used in basic and diluted earnings per common share:
Basic weighted average shares outstanding	153,847		157,185

Dilutive effect of stock options	219		217
Dilutive effect of restricted stock units	284		182
Diluted weighted average shares outstanding	154,350		157,584

Basic and diluted earnings (loss) per share:




Income from continuing operations	$	0.83	$	0.38
Loss from discontinued operations	—		(0.03)
Basic and diluted earnings per share	$	0.83	$	0.35


For the six months ended June 30,	2024		2023
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Income from continuing operations	$	117,166	$	33,602
(Income) loss attributable to noncontrolling interests	(124)		19








Net income from continuing operations for basic and diluted earnings per share	$	117,042	$	33,621




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 (loss) per share	$	337	$	(4,051)

Denominator used in basic and diluted earnings (loss) per common share:
Basic weighted average shares outstanding	155,432		157,191
Dilutive effect of stock options	211		210
Dilutive effect of restricted stock units	307		195
Diluted weighted average shares outstanding	155,950		157,596





Basic and diluted earnings (loss) per share:
Income from continuing operations	$	0.75	$	0.21
Loss from discontinued operations	—		(0.03)
Basic and diluted earnings per share	$	0.75	$	0.18

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


	For the three months ended June 30,		For the six months ended June 30,
	2024	2023	2024	2023

Restricted stock units	125	107	63	101