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Earnings Per Share | 9 Months Ended
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Sep. 30, 2020
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 ApolloMed 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. As of September 30, 2020 and December 31, 2019, APC held 17,307,214 and 17,290,317 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, |  | 2020 |  | 2019
Earnings per share – basic |  | $ | 0.46 |  |  | $ | 0.11 |
Earnings per share – diluted |  | $ | 0.45 |  |  | $ | 0.10 |
Weighted average shares of common stock outstanding – basic |  | 36,364,839 |  |  | 34,643,754 |
Weighted average shares of common stock outstanding – diluted |  | 37,551,740 |  |  | 37,792,266 |
Nine Months Ended September 30, |  | 2020 |  | 2019
Earnings per share – basic |  | $ | 0.77 |  |  | $ | 0.21 |
Earnings per share – diluted |  | $ | 0.75 |  |  | $ | 0.20 |
Weighted average shares of common stock outstanding – basic |  | 36,149,692 |  |  | 34,555,124 |
Weighted average shares of common stock outstanding – diluted |  | 37,249,967 |  |  | 37,816,698 |
Below is a summary of the shares included in the diluted earnings per share computations:
Three Months Ended September 30, |  | 2020 |  | 2019
Weighted average shares of common stock outstanding – basic |  | 36,364,839 |  |  | 34,643,754 |
10% shares held back pursuant to indemnification clause |  | — |  |  | 1,511,332 |
Stock options |  | 187,843 |  |  | 299,536 |
Warrants |  | 960,806 |  |  | 1,337,644 |
Restricted stock awards |  | 38,252 |  |  | — |
Weighted average shares of common stock outstanding – diluted |  | 37,551,740 |  |  | 37,792,266 |
Nine Months Ended September 30, |  | 2020 |  | 2019
Weighted average shares of common stock outstanding – basic |  | 36,149,692 |  |  | 34,555,124 |
10% shares held back pursuant to indemnification clause |  | — |  |  | 1,511,332 |
Stock options |  | 178,445 |  |  | 307,665 |
Warrants |  | 890,489 |  |  | 1,442,577 |
Restricted stock awards |  | 31,341 |  |  | — |
Weighted average shares of common stock outstanding – diluted |  | 37,249,967 |  |  | 37,816,698 |

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