Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings (loss) per share:


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share data)	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to Anywhere shareholders	$	19	$	88	$	(119)	$	111
Denominator:
Weighted average common shares outstanding (denominator for basic earnings (loss) per share calculation)	110.4		116.5		110.1		116.8
Dilutive effect of stock-based compensation awards (a)	0.9		1.3		—		2.1
Dilutive effect of Exchangeable Senior Notes and warrants (b)	—		—		—		—
Weighted average common shares outstanding (denominator for diluted earnings (loss) per share calculation)	111.3		117.8		110.1		118.9
Earnings (loss) per share attributable to Anywhere shareholders:
Basic earnings (loss) per share	$	0.17	$	0.76	$	(1.08)	$	0.95
Diluted earnings (loss) per share	$	0.17	$	0.75	$	(1.08)	$	0.93

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(a)The three months ended June 30, 2023, as well as three and six months ended June 30, 2022 exclude 6.6 million, 5.4 million and 4.7 million shares of common stock, respectively, issuable for incentive equity awards which includes performance share units based on the achievement of target amounts that are anti-dilutive to the diluted earnings per share computation. The Company was in a net loss position for the six months ended June 30, 2023 and therefore the impact of incentive equity awards was excluded from the computation of dilutive loss per share as the inclusion of such amounts would be anti-dilutive.

(b)Shares to be provided to the Company from the exchangeable note hedge transactions purchased concurrently with its issuance of Exchangeable Senior Notes are anti-dilutive and therefore they are not treated as a reduction to its diluted shares.