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

Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2023

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, 2023 and 2022 (in thousands, except share and per share data):


	Three Months Ended March 31,
	2023		2022
Net loss	$	(8,874)	$	(9,882)
Income attributable to non-controlling interest	(11)		(24)
Net loss available to common stockholders used in basic and diluted net income per share	(8,885)		(9,906)






Weighted average shares of common stock outstanding - basic	56,641,805		56,625,650
Effect of dilutive securities (1)	—		—
Weighted average shares of common stock - diluted	56,641,805		56,625,650



Basic and diluted net loss per share attributable to common stockholders	$	(0.16)	$	(0.17)

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(1)As of March 31, 2023 and 2022, 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 per share attributable to common stockholders, as the effect would have been antidilutive:


	Three Months Ended March 31,
		2023	2022
Weighted average unvested Time-Based RSUs and Performance-Based RSUs (1)		17,531	765
Weighted average stock warrants		1,120,000	1,120,000

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