Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Net Income (Loss) Per Share Reconciliation


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Numerator for basic and diluted net income (loss) per share:
Net (loss) income attributable to 3D Systems Corporation	$	(37,398)	$	292,656	$	(97,158)	$	328,252
Redeemable non-controlling interest redemption value in excess of carrying value	(462)		—		(462)		—
Net (loss) income attributable to common stock shareholders	$	(37,860)	$	292,656	$	(97,620)	$	328,252

Denominator for net income (loss) per share:
Weighted average shares - basic	127,991		122,663		127,478		122,178
Dilutive effect of shares issuable under stock-based compensation and other plans(1)	—		2,626		—		2,661
Weighted average shares - diluted	127,991		125,289		127,478		124,839
Anti-dilutive shares of stock-based compensation awards which are excluded from the dilutive shares above(2)	986		2,029		1,558		2,284

Net income (loss) per share - basic	$	(0.30)	$	2.39	$	(0.77)	$	2.69
Net income (loss) per share - diluted	$	(0.30)	$	2.34	$	(0.77)	$	2.63

(1) The dilutive impact of share awards for the three and nine months ended September 30, 2022 are deemed anti-dilutive because we had a net loss for these periods.

(2) Excludes the impact of shares contingently issuable upon the achievement of certain milestones in the Volumetric acquisition as discussed in Note 2. Additionally, it excludes 986 and 1,558 shares for the three and nine months ended September 30, 2022, respectively, and 2,029 and 2,284 shares for the three and nine months ended September 30, 2021, respectively, which are deemed fully or partially repurchased based on the calculation which requires certain assumptions regarding the assumed proceeds that will hypothetically repurchase unvested restricted shares and outstanding stock options.