Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (“EPS”):

	For the Year			For the Year			For the Year
	Ended			Ended			Ended
	December 31,			December 31,			December 31,
	2021			2020			2019
Numerator
Income (loss) from continuing operations	$	2,060		$	(470,690	)	$	(200,175	)
Loss from discontinued operations, net of tax		(1,005	)		(9,148	)		(13,658	)
Gain on sale of discontinued operations, net of tax		212,523			—			—
Income (loss) from discontinued operations, net of tax		211,518			(9,148	)		(13,658	)
Net income (loss) attributable to common stockholders	$	213,578		$	(479,838	)	$	(213,833	)
Denominator
Weighted average shares outstanding
Basic		127,337,815			125,455,487			124,152,984
Diluted		131,402,866			125,455,487			124,152,984
Net income (loss) per share attributable to common stockholders
Basic:
Continuing operations	$	0.02		$	(3.75	)	$	(1.61	)
Discontinued operations		1.66			(0.07	)		(0.11	)
Net income (loss)	$	1.68		$	(3.82	)	$	(1.72	)
Diluted:
Continuing operations	$	0.02		$	(3.75	)	$	(1.61	)
Discontinued operations		1.61			(0.07	)		(0.11	)
Net income (loss)	$	1.63		$	(3.82	)	$	(1.72	)

Summary of Anti-Dilutive Securities Excluded from Computation of Diluted EPS

The following table summarizes our weighted average outstanding common stock equivalents that were anti-dilutive attributable to common stockholders during the periods, and therefore excluded from the computation of diluted EPS:

	For the Year		For the Year		For the Year
	Ended		Ended		Ended
	December 31,		December 31,		December 31,
	2021		2020		2019
Stock options		1,076,060		1,897,212		2,765,826
Restricted stock units		1,739		4,133,531		3,342,923

Houghton Mifflin Harcourt Co 10-K