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Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2020

NET INCOME (LOSS) PER SHARE Baytex calculates basic income or loss per share based on the net income or loss attributable to shareholders using the weighted average number of shares outstanding during the period. Diluted income per share amounts reflect the potential dilution that could occur if share awards and share options were converted to common shares. The treasury stock method is used to determine the dilutive effect of share awards and share options whereby the potential conversion of share awards and share options and the amount of compensation expense, if any, attributed to future services are assumed to be used to purchase common shares at the average market price during the year.


	Years Ended December 31
	2020					2019
	Net loss		Weighted average common shares (000's)	Net loss per share		Net loss		Weighted average common shares (000's)	Net loss per share
Net loss - basic	$	(2,438,964)	560,657	$	(4.35)	$	(12,459)	557,048	$	(0.02)
Dilutive effect of share awards	—		—	—		—		—	—
Dilutive effect of share options	—		—	—		—		—	—
Net loss - diluted	$	(2,438,964)	560,657	$	(4.35)	$	(12,459)	557,048	$	(0.02)

For the years ended December 31, 2020 and December 31, 2019, all share awards and share options were excluded from the calculation of diluted earnings per share as their effect was anti-dilutive given the Company recorded a net loss.