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

6 Months Ended

Jun. 30, 2022

For the three and six months ended June 30, 2022, our potentially dilutive securities include stock options and restricted stock units. For the three and six months ended June 30, 2021, our potentially dilutive securities include stock options, outstanding shares of Series A convertible participating preferred stock (“Series A Preferred Stock”) and unvested restricted Series A Preferred Stock. Due to the net loss that we recognized during the three and six months ended June 30, 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 and six months ended June 30, 2022 and 2021.

The following table sets forth the calculation of basic and diluted loss per share for the three and six months ended June 30, 2022 and 2021:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net loss	$	(2,285)	$	(76,356)	$	(40,251)	$	(229,157)
Dividends accrued on Series A Preferred Stock	—		(6,006)		—		(10,288)
Loss available to common stockholders	$	(2,285)	$	(82,362)	$	(40,251)	$	(239,445)
Weighted average common shares outstanding—basic and diluted	193,692		145,196		193,082		145,196
Loss per share—basic and diluted	$	(0.01)	$	(0.57)	$	(0.21)	$	(1.65)

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 and six months ended June 30, 2022 and 2021:


	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Stock options	25,318	24,213	25,318	24,213
Restricted stock units	2,787	610	2,787	610
Outstanding shares of Series A Preferred Stock	—	5,430	—	5,430
Unvested restricted Series A Preferred Stock	—	500	—	500
Potential common shares excluded from diluted loss per share	28,105	30,753	28,105	30,753