Inogen, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) per Share (Tables)

Earnings (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2022

The computation of EPS is as follows:


	Three months ended September 30,					Nine months ended September 30,
	2022			2021		2022			2021
Numerator—basic and diluted:
Net income (loss)	$	(9,506	)	$	12,174	$	(27,162	)	$	16,544

Denominator:
Weighted average common shares - basic common stock (1)		22,882,333			22,619,272		22,827,733			22,416,575
Weighted average common shares - diluted common stock (2)		22,882,333			22,854,229		22,827,733			22,803,355

Net income (loss) per share - basic common stock	$	(0.42	)	$	0.54	$	(1.19	)	$	0.74
Net income (loss) per share - diluted common stock (2)	$	(0.42	)	$	0.53	$	(1.19	)	$	0.73

Denominator calculation from basic to diluted:
Weighted average common shares - basic common stock (1)		22,882,333			22,619,272		22,827,733			22,416,575
Stock options and other dilutive awards		152,783			234,957		143,802			386,780
Weighted average common shares - diluted common stock		23,035,116			22,854,229		22,971,535			22,803,355
Shares excluded from diluted weighted average shares:
Stock options		320,734			88,391		320,734			54,498
Restricted stock units and restricted stock awards		480,602			67,374		447,775			69,062
Shares excluded from diluted weighted average shares		801,336			155,765		768,509			123,560

(1)

Unvested restricted stock units and restricted stock awards are not included as shares outstanding in the calculation of basic earnings per share. Vested restricted stock units and restricted stock awards are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based restricted stock units and restricted stock awards are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive. Restricted stock awards are eligible to receive all dividends declared on the Company’s common shares during the vesting period; however, such dividends are not paid until the restrictions lapse.

(2)

Due to net losses for the three and nine months ended September 30, 2022, diluted loss per share is the same as basic.