Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Reconciliation of the Numerator and Denominator Used in Computing Basic and Diluted Net Income Attributable to Common Stockholders Per Common Share

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income attributable to common stockholders per common share from continued and discontinued operations.


	Twelve Months Ended December 31,
		2020		2019		2018
Numerator - Basic:
Net loss from continuing operations		$	(10,358)	$	(103,467)	$	(245,280)
Net income (loss) attributable to redeemable noncontrolling interests		(344)		(1,126)		8,837
Preferred stock dividend		(37,981)		(32,134)		(25,593)
Net loss from continuing operations attributable to Synchronoss		(48,683)		(136,727)		(262,036)

Income from discontinued operations, net of taxes**		—		—		18,288
Net loss attributable to Synchronoss		$	(48,683)	$	(136,727)	$	(243,748)

Numerator - Diluted:
Net loss from continuing operations attributable to Synchronoss		$	(48,683)	$	(136,727)	$	(262,036)
Income effect for interest on convertible debt, net of tax		—		—		—
Net loss from continuing operations adjusted for the convertible debt		(48,683)		(136,727)		(262,036)

Income from discontinued operations, net of taxes**		—		—		18,288
Net loss attributable to Synchronoss		$	(48,683)	$	(136,727)	$	(243,748)

Denominator:
Weighted average common shares outstanding — basic		41,950		40,694		40,277
Dilutive effect of:
Shares from assumed conversion of convertible debt 1		—		—		—
Shares from assumed conversion of preferred stock 2		—		—		—
Options and unvested restricted shares		—		—		—
Weighted average common shares outstanding — diluted		41,950		40,694		40,277

Basic EPS
Net loss from Continuing operations		$	(1.16)	$	(3.36)	$	(6.51)
Net income from Discontinued operations**		$	—	$	—	$	0.46
		$	(1.16)	$	(3.36)	$	(6.05)
Diluted EPS
Net loss from Continuing operations		$	(1.16)	$	(3.36)	$	(6.51)
Net income from Discontinued operations**		$	—	$	—	$	0.46
		$	(1.16)	$	(3.36)	$	(6.05)



Anti-dilutive stock options excluded		—		—		—
Unvested shares of restricted stock awards		1,510		3,375		2,700

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(1) The calculation does not include the effect of assumed conversion of convertible debt of 0, 1,288,292 and 3,972,939 shares for the year ended December 31, 2020, 2019 and 2018, respectively; which is based on 18.8072 shares per $1,000 principal amount of the Senior Convertible Notes.

(2) The calculation does not include the effect of assumed conversion of preferred stock of 13,202,267, 11,383,105 and 9,312,528 shares for the year ended December 31, 2020, 2019 and 2018 respectively; which is based on 55.5556 shares per $1,000 principal amount of the preferred stock, because the effect would have been anti–dilutive.

** See Note 4. Acquisitions and Divestitures for transactions classified as discontinued operations