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Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Loss Per Share

The calculation of basic and diluted loss per share is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands, except per share amounts)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to ADTRAN Holdings, Inc.

 

$

(49,865

)

 

$

(39,097

)

 

$

(374,415

)

 

$

(79,180

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

78,852

 

 

 

78,366

 

 

 

78,803

 

 

 

78,364

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

 

 

 

 

 

 

PSUs, RSUs and restricted stock

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – diluted

 

 

78,852

 

 

 

78,366

 

 

 

78,803

 

 

 

78,364

 

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

 

$

(0.63

)

 

$

(0.50

)

 

$

(4.75

)

 

$

(1.01

)

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

 

$

(0.63

)

 

$

(0.50

)

 

$

(4.75

)

 

$

(1.01

)