XML 25 R14.htm IDEA: XBRL DOCUMENT v3.22.2
INCOME PER SHARE
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
INCOME PER SHARE INCOME PER SHARE
The Company calculates basic net income per share using, as the denominator, the weighted average number of common shares outstanding during the period. Diluted net income per share uses, as its denominator, the weighted average number of common shares outstanding during the period plus the effect of potential dilutive shares during the period.
Potential dilutive common shares include stock options, Restricted Share Units (“RSUs”), RSU Replacement Units, and convertible notes for periods in which the Company has reported net income.
The calculations of basic and diluted net income per share attributable to stockholders of the Company for the three and six months ended June 30, 2022 and 2021 are based on the following (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Net income$67,519 $77,792 $143,625 $205,243 
Net (income) loss attributable to non-controlling interest
(9,031)(3,073)(17,574)(21,664)
Net income attributable to shareholders of SSR Mining
58,488 74,719 126,051 183,579 
Interest saving on convertible notes, net of tax
1,230 1,259 2,446 3,136 
Net income used in the calculation of diluted net income per share
$59,718 $75,978 $128,497 $186,715 
 
Weighted average number of common shares issued212,600 219,030 212,512 219,409 
Adjustments for dilutive instruments:
Stock options
7 133 6 130 
Restricted share units
110 62 91 59 
Convertible notes
12,367 12,164 12,353 12,152 
Diluted weighted average number of shares outstanding
225,084 231,389 224,962 231,750 
 
Net income per share attributable to common shareholders
Basic
$0.28 $0.34 $0.59 $0.84 
Diluted
$0.27 $0.33 $0.57 $0.81