Earnings (Loss) Per Share

9 Months Ended

Sep. 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 September 30,	2024		2023
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Income from continuing operations	$	85,331	$	35,735
Loss attributable to noncontrolling interests	136		177








Net income from continuing operations for basic and diluted earnings per share	$	85,467	$	35,912




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



Net (loss) income from discontinued operations for basic and diluted (loss) earnings per share	$	(4)	$	246

Denominator used in basic and diluted earnings per common share:
Basic weighted average shares outstanding	151,577		157,268

Dilutive effect of stock options	216		226
Dilutive effect of restricted stock units	382		310
Diluted weighted average shares outstanding	152,175		157,804

Basic and diluted earnings (loss) per share:




Income from continuing operations	$	0.56	$	0.23
(Loss) income from discontinued operations	—		—
Basic and diluted earnings per share	$	0.56	$	0.23


For the nine months ended September 30,	2024		2023
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Income from continuing operations	$	202,497	$	69,337
Loss attributable to noncontrolling interests	12		196








Net income from continuing operations for basic and diluted earnings per share	$	202,509	$	69,533




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	$	333	$	(3,805)

Denominator used in basic and diluted earnings (loss) per common share:
Basic weighted average shares outstanding	154,151		157,217
Dilutive effect of stock options	213		219
Dilutive effect of restricted stock units	332		234
Diluted weighted average shares outstanding	154,696		157,670





Basic and diluted earnings (loss) per share:
Income from continuing operations	$	1.31	$	0.44
Income (loss) from discontinued operations	—		(0.02)
Basic and diluted earnings per share	$	1.31	$	0.42

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 September 30,		For the nine months ended September 30,
	2024	2023	2024	2023

Restricted stock units	231	—	104	12