Life Time Group Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

(Loss) Earnings Per Share

(Loss) Earnings Per Share

12 Months Ended

Dec. 31, 2021

For the year ended December 31, 2021, our potentially dilutive securities include stock options, restricted stock units and restricted stock. Due to the net loss that we recognized during the year ended December 31, 2021, the potentially dilutive shares of common stock associated with our stock options, restricted stock units and restricted stock were determined to be antidilutive and, therefore, are excluded from the computation of diluted loss per share for the year ended December 31, 2021.

For the years ended December 31, 2020 and 2019, our potentially dilutive securities include stock options, all of which were subject to performance conditions that were not met as of the end of each respective period. Accordingly, the contingently issuable shares associated with our stock options are excluded from the computation of diluted (loss) earnings per share for the years ended December 31, 2020 and 2019.

The following table sets forth the calculation of basic and diluted (loss) earnings per share for the years ended December 31, 2021, 2020 and 2019:


	Year Ended December 31,
	2021		2020		2019
Net (loss) income attributable to Life Time Group Holdings, Inc.	$	(579,369)	$	(360,192)	$	30,025
Weighted average common shares outstanding – basic and diluted	155,470		145,137		139,405
(Loss) earnings per share – basic and diluted	$	(3.73)	$	(2.48)	$	0.22

The following is a summary of potential shares of common stock that were excluded from the computation of diluted (loss) earnings per share for the years ended December 31, 2021, 2020 and 2019:


	Year Ended December 31,
	2021	2020	2019
Stock options	24,597	21,119	21,291
Restricted stock units	1,854	—	—
Restricted stock	595	—	—
Potential common shares excluded from diluted (loss) earnings per share	27,046	21,119	21,291

For more information regarding our stock options, restricted stock units and restricted stock, see Note 10, Stockholders’ Equity.