Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule Of Net Loss Per Share Reconciliation


	Year Ended December 31,
(in thousands, except per share amounts)	2023		2022		2021
Numerator for basic and diluted net (loss) income per share:
Net (loss) income attributable to 3D Systems Corporation	$	(362,688)	$	(122,711)	$	322,052
Redeemable non-controlling interest redemption value in excess of carrying value	(479)		(596)		—
Net (loss) income attributable to common stock shareholders	$	(363,167)	$	(123,307)	$	322,052
Denominator for net (loss) income per share:
Weighted average shares – basic	129,944		127,818		122,867
Dilutive effect of shares issuable under stock based compensation and other plans(1)	—		—		3,467
Weighted average shares – diluted	129,944		127,818		126,334

Net (loss) income per share – basic	$	(2.79)	$	(0.96)	$	2.62
Net (loss) income per share – diluted	$	(2.79)	$	(0.96)	$	2.55

(1) Equity awards for the years ended December 31, 2023 and 2022 are deemed anti-dilutive because we reported a net loss for these periods. The dilutive impact of equity awards for December 31, 2021 is 2,755 shares, for which the calculation requires certain assumptions regarding assumed proceeds that would hypothetically repurchase common shares upon the conversion and exercise of restricted shares and outstanding stock options, respectively, and an estimate of 712 shares for the payment of accrued incentive compensation that was to be settled in shares. The share estimate is based on the accrued incentive compensation balance at the end of 2021 divided by the 2021 average share price.

The following table presents the potentially dilutive shares that were excluded from the computation of diluted income (loss) per share attributable to common stockholders because their effect was considered anti-dilutive for the years ended December 31, 2023, 2022 and 2021, respectively.


	Year Ended December 31,
(in thousands)	2023	2022	2021
Restricted stock and restricted stock units	6,182	5,015	1,779
Stock options	420	420	—
Total	6,602	5,435	1,779

For the year ended December 31, 2023, the table above excludes an estimate of 138 shares that are contingently issuable under the dp polar earnout agreement, as discussed in Note 3. As of December 31, 2023, there are no contingently issuable shares related to the Volumetric earnout arrangement discussed in Note 3 or the fiscal year 2023 annual bonus incentive compensation plan.