Quarterly report pursuant to Section 13 or 15(d)

Orion Office REIT, Net Income (Loss) Per Share (Tables)

v3.22.2.2
Orion Office REIT, Net Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The computation of basic and diluted earnings per share is as follows for the three and nine months ended September 30, 2022 and September 30, 2021 (in thousands, except share and per share data):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Net (loss) income $ (53,029) $ (1,423) $ (78,481) $ 7,423 
(Income) loss attributable to non-controlling interests (18) —  (43) — 
Net (loss) income available to common stockholders used in basic and diluted net income per share (53,047) (1,423) (78,524) 7,423 
Weighted average number of Common Stock outstanding - basic 56,635,038  56,625,650  56,630,086  56,625,650 
Effect of dilutive securities (1)
—  —  —  — 
Weighted average number of common shares - diluted 56,635,038  56,625,650  56,630,086  56,625,650 
Basic and diluted net (loss) income per share attributable to common stockholders $ (0.94) $ (0.03) $ (1.39) $ 0.13 
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(1)As of September 30, 2021, there were no adjustments to the weighted average common shares outstanding used in the diluted calculation given there were no potentially dilutive shares.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following were excluded from diluted net (loss) income per share attributable to common stockholders, as the effect would have been antidilutive:
Nine Months Ended September 30,
2022 2021
Weighted average unvested Time-Based Restricted Stock Units and Performance-Based Restricted Stock Units (1)
—  — 
Weighted average stock warrants 1,120,000  — 
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(1)Net of assumed repurchases in accordance with the treasury stock method.