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Net (Loss) Income Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income (loss) Per Share

The following is a calculation of the basic and diluted net (loss) income per share (in thousands, except share and per share data):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Net (loss) income attributable to Vir			$	(163,413)					$	175,312					$	(499,088)					$	617,440
Weighted-average shares outstanding, basic			134,289,620						132,729,530						133,969,878						132,422,028
Weighted-average effect of dilutive securities:
Options to purchase common stock			—						2,144,302						—						2,227,493
Restricted shares subject to future vesting			—						75,759						—						55,080
Shares to purchase under Employee Stock Purchase Plan			—						13,726						—						7,176
Weighted-average shares outstanding, diluted			134,289,620						134,963,317						133,969,878						134,711,777
Net (loss) income attributable to Vir per share, basic			$	(1.22)					$	1.32					$	(3.73)					$	4.66
Net (loss) income attributable to Vir per share, diluted			$	(1.22)					$	1.30					$	(3.73)					$	4.58

Schedule of Potentially Dilutive Securities Not Included in the Diluted Per Share Calculations

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Options issued and outstanding			10,601,054						8,381,275						10,990,201						8,717,954
Restricted shares subject to future vesting			5,130,300						2,194,050						4,112,315						2,720,818
Total			15,731,354						10,575,325						15,102,516						11,438,772

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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