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COMPUTATION OF NET (LOSS) INCOME PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
COMPUTATION OF NET (LOSS) INCOME PER COMMON SHARE | COMPUTATION OF NET (LOSS) INCOME PER COMMON SHARE Basic net (loss) income per share is calculated by dividing net (loss) income attributable to the common stockholders by the weighted-average shares of Common Stock outstanding for the period. The computation of diluted net (loss) income per share is similar to the computation of basic net (loss) income per share, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the dilutive potential shares of common stock had been issued. A reconciliation of the numerator and denominator used in the calculation of basic net (loss) income per common share follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net (loss) income | $ | (10,908) |  |  | $ | 21,220 |  |  | $ | 38,232 |  |  | $ | 58,818 |
Less: net income attributable to noncontrolling interest | 2 |  |  | 2 |  |  | 4 |  |  | 3 |
Net (loss) income attributable to PACS Group, Inc. | $ | (10,910) |  |  | $ | 21,218 |  |  | $ | 38,228 |  |  | $ | 58,815 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 149,463,655 |  |  | 128,723,386 |  |  | 139,093,520 |  |  | 128,723,386 |
Basic net (loss) income per common share | $ | (0.07) |  |  | $ | 0.16 |  |  | $ | 0.27 |  |  | $ | 0.46 |
A reconciliation of the numerator and denominator used in the calculation of diluted net (loss) income per common share follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net (loss) income | $ | (10,908) |  |  | $ | 21,220 |  |  | $ | 38,232 |  |  | $ | 58,818 |
Less: net income attributable to noncontrolling interest | 2 |  |  | 2 |  |  | 4 |  |  | 3 |
Net (loss) income attributable to PACS Group, Inc. | $ | (10,910) |  |  | $ | 21,218 |  |  | $ | 38,228 |  |  | $ | 58,815 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 149,463,655 |  |  | 128,723,386 |  |  | 139,093,520 |  |  | 128,723,386 |
Plus: effect of diluted shares(1) | — |  |  | — |  |  | 591,098 |  |  | — |
Adjusted weighted average common shares outstanding | 149,463,655 |  |  | 128,723,386 |  |  | 139,684,618 |  |  | 128,723,386 |
Diluted net (loss) income per common share | $ | (0.07) |  |  | $ | 0.16 |  |  | $ | 0.27 |  |  | $ | 0.46 |
__________________ (1) The diluted per share amounts do not reflect 1,182,196 common share equivalents from restricted stock units for the three months ended June 30, 2024 because of their anti-dilutive effect.

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