Three Months Ended

Six Months Ended

June 30,

June 30,

(In thousands, except per share amounts)

2023

2022

2023

2022

Numerator

Net (loss) income attributable to ADTRAN Holdings, Inc.

$

(33,334

)

$

2,143

$

(67,798

)

$

1,016

Denominator

Weighted average number of shares – basic

78,366

49,123

78,364

49,110

Effect of dilutive securities

Stock options

—

84

—

111

PSUs, RSUs and restricted stock

—

602

—

592

Weighted average number of shares – diluted

78,366

49,809

78,364

49,813

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

$

(0.43

)

$

0.04

$

(0.87

)

$

0.02

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

$

(0.43

)

$

0.04

$

(0.87

)

$

0.02