AerSale Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

NOTE K — EARNINGS PER SHARE

The computation of basic and diluted earnings per share (“EPS”) is based on the weighted average number of common shares outstanding during each period.

The following table provides a reconciliation of the computation for basic and diluted earnings per share for the three months ended March 31, 2021 and 2020, respectively (in thousands, except share and per share data):


	2021		2020
Net income	$	10,018	$	1,059
Reversal of loss on change in value of warrant liability		224		—
Net income attributable to common shareholders for EPS - diluted	$	10,242	$	1,059

Weighted-average number of shares outstanding - basic		42,212,134		37,010
Additional shares from assumed stock-settled restricted stock units		115,959		—
Additional shares from assumed exercise of warrants		1,869,098		—
Weighted-average number of shares outstanding - diluted		44,197,191		37,010

Earnings per share – basic:	$	0.24	$	28.61
Earnings per share – diluted:	$	0.23	$	28.61