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

Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share

Income (Loss) Per Share

3 Months Ended

Mar. 31, 2023

For the three months ended March 31, 2023, our potentially dilutive securities include stock options, restricted stock units and shares to be issued under our ESPP. For the three months ended March 31, 2022, our potentially dilutive securities include stock options, restricted stock units and restricted stock. Due to the net loss that we recognized during the three months ended March 31, 2022, 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.

The following table sets forth the calculation of basic and diluted income (loss) per share for the three months ended March 31, 2023 and 2022:


	Three Months Ended March 31,
		2023		2022
Net income (loss)		$	27,460	$	(37,966)

Weighted-average common shares outstanding – basic		194,572		192,465
Dilutive effect of stock-based compensation awards		8,283		—
Weighted-average common shares outstanding – diluted		202,855		192,465

Income (loss) per common share – basic		$	0.14	$	(0.20)
Income (loss) per common share – diluted		$	0.14	$	(0.20)

The following is a summary of potential shares of common stock that were antidilutive and excluded from the weighted average share computations for the three months ended March 31, 2023 and 2022:


	Three Months Ended March 31,
		2023	2022
Stock options		6,044	25,465
Restricted stock units		693	1,925
Restricted stock		—	595

Potential common shares excluded from the weighted average share calculations		6,737	27,985