Earnings Per Share

3 Months Ended

Mar. 31, 2023

11. EARNINGS PER SHARE

The following table sets forth the components of the denominator for the computation of basic and diluted earnings per share for net loss attributable to Community Health Systems, Inc. stockholders:

	Three Months Ended
	March 31,
	2023		2022
Weighted-average number of shares outstanding — basic		129,688,917		127,818,209
Effect of dilutive securities:
Restricted stock awards		—		—
Employee stock options		—		—
Other equity-based awards		—		—
Weighted-average number of shares outstanding — diluted		129,688,917		127,818,209

The Company generated a loss attributable to Community Health Systems, Inc. stockholders for both of the three-month periods ended March 31, 2023 and 2022, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income during both of the three months ended March 31, 2023 and 2022, the effect of restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase of 468,193 shares and 2,198,436 shares, respectively.

	Three Months Ended
	March 31,
	2023		2022
Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:
Employee stock options and restricted stock awards		5,889,077		1,367,000