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INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
INCOME (LOSS) PER SHARE INCOME (LOSS) PER SHARE
The Company calculates basic net income (loss) per share using, as the denominator, the weighted average number of common shares outstanding during the period. Diluted net income (loss) 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”), and convertible notes for periods in which the Company has reported net income (loss).
The calculations of basic and diluted net income (loss) per share attributable to SSR Mining shareholders for the three and nine months ended September 30, 2023 and 2022 are based on the following (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Net income (loss)$(7,245)$(28,372)$144,135 $115,251 
Net (income) loss attributable to non-controlling interest
22,404 2,579 (24,297)(14,995)
Net income (loss) attributable to SSR Mining shareholders
15,159 (25,793)119,838 100,256 
Interest saving on 2019 Notes, net of tax
— — 3,693 3,677 
Net income (loss) used in the calculation of diluted net income per share
$15,159 $(25,793)$123,531 $103,933 
 
Weighted average number of common shares outstanding203,878 207,983 205,101 210,986 
Adjustments for dilutive instruments:
Stock options
— — — 5 
Restricted share units
— — 8 59 
2019 Notes
— — 12,793 12,493 
Diluted weighted average number of shares outstanding
$203,878 $207,983 $217,902 $223,543 
 
Net income (loss) per share attributable to SSR Mining shareholders
Basic
$0.07 $(0.12)$0.58 $0.48 
Diluted
$0.07 $(0.12)$0.57 $0.46 
For the three months ended September 30, 2023, $1.2 million of interest saving on convertible notes, net of tax, and 12,825 shares were excluded from the diluted income per common share calculation because the Company incurred a net loss and the effect would be antidilutive. For the three months ended September 30, 2022, $1.2 million of interest saving on convertible notes, net of tax, and 12,542 shares were excluded from the diluted income per common share calculation because the Company incurred a net loss and the effect would be antidilutive.