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

6 Months Ended

Jun. 30, 2023

For the three and six months ended June 30, 2023, our potentially dilutive securities include stock options, restricted stock units and shares to be issued under our ESPP. For the three and six months ended June 30, 2022, our potentially dilutive securities include stock options and restricted stock units. Due to the net loss that we recognized during the three and six months ended June 30, 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 and six months ended June 30, 2022.

The following table sets forth the calculation of basic and diluted income (loss) per share for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income (loss)	$	17,004	$	(2,285)	$	44,464	$	(40,251)

Weighted-average common shares outstanding – basic	195,476		193,692		195,026		193,082
Dilutive effect of stock-based compensation awards	9,345		—		8,846		—
Weighted-average common shares outstanding – diluted	204,821		193,692		203,872		193,082

Income (loss) per common share – basic	$	0.09	$	(0.01)	$	0.23	$	(0.21)
Income (loss) per common share – diluted	$	0.08	$	(0.01)	$	0.22	$	(0.21)

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 and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Stock options	5,370	25,318	6,310	25,318
Restricted stock units	766	2,787	824	2,787
Potential common shares excluded from the weighted average share calculations	6,136	28,105	7,134	28,105