Earnings Per Share

6 Months Ended

Jun. 30, 2021

NET INCOME (LOSS) PER SHARE

Basic net income (loss) per common share attributable to Altice USA stockholders is computed by dividing net income (loss) attributable to Altice USA stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share attributable to Altice USA stockholders reflects the dilutive effects of stock options and restricted stock. For such awards that are performance based, the diluted effect is reflected upon the achievement of the performance criteria. Diluted net loss per common share attributable to Altice USA stockholders excludes the effects of common stock equivalents as they are anti-dilutive.

The following table presents a reconciliation of weighted average shares used in the calculations of the basic and diluted net income per share attributable to Altice USA stockholders for the three and six months ended June 30, 2021 and 2020:


	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
	(in thousands)
Basic weighted average shares outstanding	456,955	587,587	463,060	604,500
Effect of dilution:
Stock options	6,681	1,857	6,427	2,079
Restricted stock	1	22	23	18
Diluted weighted average shares outstanding	463,637	589,466	469,510	606,597

Weighted average shares excluded from diluted weighted average shares outstanding:
Anti-dilutive shares	910	28,514	704	24,362
Performance stock units and restricted stock whose performance metrics have not been achieved.	8,747	8,943	8,748	7,758

Net income (loss) per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Altice USA.