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

Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

Loss Per Share

3 Months Ended

Mar. 31, 2022

Loss Per ShareFor the three months ended March 31, 2022, our potentially dilutive securities include stock options, restricted stock units and restricted stock. For the three months ended March 31, 2021, our potentially dilutive securities include stock options and Series A convertible participating preferred stock (“Series A Preferred Stock”). Due to the net loss that we recognized during each of the three months ended March 31, 2022 and 2021, the potentially dilutive shares of common stock associated with these equity-based securities were determined to be antidilutive and, therefore, are excluded from the computation of diluted loss per share for the three months ended March 31, 2022 and 2021.

The following table sets forth the calculation of basic and diluted loss per share for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
	2022		2021
Net loss	$	(37,966)	$	(152,801)
Dividends accrued on Series A Preferred Stock	—		(4,282)
Loss available to common stockholders	$	(37,966)	$	(157,083)
Weighted average common shares outstanding—basic and diluted	192,465		145,196
Loss per share—basic and diluted	$	(0.20)	$	(1.08)

The following is a summary of potential shares of common stock that were excluded from the computation of diluted loss per share for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
	2022	2021
Stock options	25,465	21,049
Restricted stock units	1,925	—
Restricted stock	595	—
Series A Preferred Stock	—	5,430
Potential common shares excluded from diluted loss per share	27,985	26,479