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Earnings Per Share | 9 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share is calculated using the weighted average number of shares of the Company’s common stock issued and outstanding during a certain period, and is calculated by dividing net income attributable to Apollo Medical Holdings, Inc. by the weighted average number of shares of the Company’s common stock issued and outstanding during such period. Diluted earnings per share is calculated using the weighted average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period, using the as-if converted method for secured convertible notes, preferred stock, and the treasury stock method for options and common stock warrants. Pursuant to the Merger Agreement, ApolloMed held back 10% of the shares of its common stock that were issuable to NMM shareholders (“Holdback Shares”) to secure indemnification of ApolloMed and its affiliates under the Merger Agreement. The Holdback Shares will be held for a period of up to 24 months, with 50% issued on the first anniversary of the merger and the remaining 50% issued on the second anniversary, after the closing of the Merger (to be distributed on a pro-rata basis to former NMM shareholders), during which ApolloMed may seek indemnification for any breach of, or noncompliance with, any provision of the Merger Agreement, by NMM. These Holdback Shares are excluded from the computation of basic earnings per share, but included in diluted earnings per share. As of September 30, 2019 and December 31, 2018 APC held 16,790,576 and 1,682,110 shares of ApolloMed’s common stock, respectively, which are treated as treasury shares for accounting purposes and not included in the number of shares of common stock outstanding used to calculate earnings per share. Below is a summary of the earnings per share computations:
Three Months Ended September 30, |  | 2019 |  | 2018
Earnings per share – basic |  | $ | 0.11 |  |  | $ | 0.28 |
Earnings per share – diluted |  | $ | 0.10 |  |  | $ | 0.24 |
Weighted average shares of common stock outstanding – basic |  | 34,643,754 |  |  | 32,917,007 |
Weighted average shares of common stock outstanding – diluted |  | 37,792,266 |  |  | 38,387,700 |
Nine Months Ended September 30, |  | 2019 |  | 2018
Earnings per share – basic |  | $ | 0.21 |  |  | $ | 0.43 |
Earnings per share – diluted |  | $ | 0.20 |  |  | $ | 0.37 |
Weighted average shares of common stock outstanding – basic |  | 34,555,124 |  |  | 32,672,793 |
Weighted average shares of common stock outstanding – diluted |  | 37,816,698 |  |  | 38,010,838 |
Below is a summary of the shares included in the diluted earnings per share computations:
Three Months Ended September 30, |  | 2019 |  | 2018
Weighted average shares of common stock outstanding – basic |  | 34,643,754 |  |  | 32,917,007 |
10% shares held back pursuant to indemnification clause |  | 1,511,332 |  |  | 3,039,609 |
Stock options |  | 299,536 |  |  | 648,724 |
Warrants |  | 1,337,644 |  |  | 1,782,360 |
Weighted average shares of common stock outstanding – diluted |  | 37,792,266 |  |  | 38,387,700 |
Nine Months Ended September 30, |  | 2019 |  | 2018
Weighted average shares of common stock outstanding – basic |  | 34,555,124 |  |  | 32,672,793 |
10% shares held back pursuant to indemnification clause |  | 1,511,332 |  |  | 3,039,609 |
Stock options |  | 307,665 |  |  | 633,131 |
Warrants |  | 1,442,577 |  |  | 1,665,305 |
Weighted average shares of common stock outstanding – diluted |  | 37,816,698 |  |  | 38,010,838 |

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