Orion Office REIT Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Orion Office REIT, Net Income (Loss) Per Share

Orion Office REIT, Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2022

Note 14 - Net Income (Loss) Per Share

The computation of basic and diluted earnings per share is as follows for the three months ended March 31, 2022 and March 31, 2021 (in thousands, except share and per share data):


	Three Months Ended March 31,
		2022		2021
Net (loss) income		$	(9,882)	$	4,551
(Income) loss attributable to non-controlling interests		(24)		—
Net (loss) income available to common stockholders used in basic and diluted net income per share		(9,906)		4,551






Weighted average number of Common Stock outstanding - basic		56,625,650		56,625,650
Effect of dilutive securities (1)		—		—
Weighted average number of common shares - diluted		56,625,650		56,625,650



Basic and diluted net (loss) income per share attributable to common stockholders		$	(0.17)	$	0.08

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(1)As of March 31, 2022 and March 31, 2021, there were no adjustments to the weighted average common shares outstanding used in the diluted calculation given there were no potentially dilutive shares.

The following were excluded from diluted net (loss) income per share attributable to common stockholders, as the effect would have been antidilutive:


	Three Months Ended March 31,
		2022	2021
Weighted average unvested Time-Based Restricted Stock Units and Performance-Based Restricted Stock Units (1)		765	—
Weighted average stock warrants		1,120,000	—

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(1)Net of assumed repurchases in accordance with the treasury stock method.