Earnings per Common Share (EPS)

3 Months Ended

Mar. 31, 2023

Earnings per Common Share (“EPS”) Basic EPS is computed based upon the weighted average number of common shares outstanding for the year. Diluted EPS is computed based upon the weighted average number of common shares outstanding for the year plus the dilutive effect of common stock equivalents using the treasury stock method and the average market price of the Company’s common stock for the year. The Company includes participating securities (Redeemable Convertible Preferred Stock - Participation with Dividends on Common Stock that contain preferred dividend) in the computation of EPS pursuant to the two-class method. The two-class method of computing earnings per share is an allocation method that calculates earnings per share for common stock and participating securities. During periods of net loss, no effect is given to the participating securities because they do not share in the losses of the Company.

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 operations.


	Three Months Ended March 31,
		2023		2022
Numerator - Basic:
Net loss from operations		$	(10,931)	$	(3,037)
Net income (loss) attributable to redeemable noncontrolling interests		14		(115)
Preferred stock dividend		(2,474)		(2,438)



Net loss attributable to Synchronoss		$	(13,391)	$	(5,590)

Numerator - Diluted:
Net loss attributable to Synchronoss		$	(13,391)	$	(5,590)




Net loss attributable to Synchronoss		$	(13,391)	$	(5,590)

Denominator:
Weighted average common shares outstanding — basic		86,501		85,866





Weighted average common shares outstanding — diluted		86,501		85,866


Earnings (loss) per share:



Basic		$	(0.15)	$	(0.07)



Diluted		$	(0.15)	$	(0.07)


Anti-dilutive stock options excluded		—		—
Unvested shares of restricted stock awards		6,986		2,162