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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

5. Earnings Per Share

 

The calculation of weighted average shares for basic and diluted net loss per common share is as follows (in thousands, except per share data):

 

 

For the Three Months Ended March 31,

 

 

2024

 

 

2023

 

Net Loss from Continuing Operations of ZimVie Inc.

 

$

(11,483

)

 

$

(16,369

)

Earnings (loss) from discontinued operations, net of tax

 

 

3,722

 

 

 

(13,599

)

Net Loss of ZimVie Inc.

 

$

(7,761

)

 

$

(29,968

)

 

 

 

 

 

 

 

Weighted average shares outstanding for basic net loss per common share

 

 

27,125

 

 

 

26,263

 

Effect of dilutive stock options and other equity awards (1)

 

 

—

 

 

 

—

 

Weighted average shares outstanding for diluted net loss per common share

 

 

27,125

 

 

 

26,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (Loss) Earnings Per Common Share:

 

 

 

 

 

 

Continuing operations

 

$

(0.42

)

 

$

(0.62

)

Discontinued operations

 

 

0.13

 

 

 

(0.52

)

Net Loss

 

$

(0.29

)

 

$

(1.14

)

 

 

 

 

 

 

 

Diluted (Loss) Earnings Per Common Share:

 

 

 

 

 

 

Continuing operations

 

$

(0.42

)

 

$

(0.62

)

Discontinued operations

 

 

0.13

 

 

 

(0.52

)

Net Loss

 

$

(0.29

)

 

$

(1.14

)

 

(1) Since we incurred a net loss in each of the three months ended March 31, 2024 and 2023, no dilutive stock options or other equity awards were included as diluted shares in those periods.

 

For the three months ended March 31, 2024 and 2023, a weighted average of 2.4 million and 3.4 million, respectively, options to purchase shares of common stock were not included in the computation of diluted net loss per share as the exercise prices of these options were greater than the average market price of the common stock.