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(Loss) Earnings per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
(Loss) Earnings per Share

Note 22 – (Loss) Earnings per Share

The calculations of basic and diluted (loss) earnings per share for the years ended December 31, 2022, 2021 and 2020 are as follows:

(In thousands, except for per share amounts)

 

2022

 

 

2021

 

 

2020

 

Numerator

 

 

 

 

 

 

 

 

 

Net (Loss) Income attributable to ADTRAN Holdings, Inc.

 

$

(2,037

)

 

$

(8,635

)

 

$

2,378

 

Denominator

 

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

62,346

 

 

 

48,582

 

 

 

47,996

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

PSUs, RSUs and restricted stock

 

 

—

 

 

 

—

 

 

 

292

 

Weighted average number of shares – diluted

 

 

62,346

 

 

 

48,582

 

 

 

48,288

 

(Loss) earnings per share attributable to ADTRAN Holdings, Inc. – basic

 

$

(0.03

)

 

$

(0.18

)

 

$

0.05

 

(Loss) earnings per share attributable to ADTRAN Holdings, Inc. – diluted

 

$

(0.03

)

 

$

(0.18

)

 

$

0.05

 

 

For each of the years ended December 31, 2022, 2021 and 2020, less than 0.1 million, 0.1 million and 0.1 million shares of unvested or unearned, as applicable, PSUs, RSUs and restricted stock were excluded from the calculation of diluted (loss) earnings per share due to their anti-dilutive effect.

For the year ended December 31, 2022, 2021 and 2020, 0.2 million, 0.3 million and 3.6 million stock options, respectively, were outstanding but were not included in the computation of diluted (loss) earnings per share due to their exercise prices being greater than the average market price of the common shares during the quarter, making them anti-dilutive under the treasury stock method.