AerSale Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

NOTE N - 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 computation of basic and diluted earnings per share is impacted by dividends for preferred stockholders.

The following table provides a reconciliation of the computation for basic and diluted earnings per share for the years ended December 31, (in thousands, except share and per share data):


	2021		2020		2019
Net income	$	36,115	$	8,094	$	15,499
Dividends attributable to preferred stockholders		-		-		(34,633)
Income (loss) attributable to common shareholders for EPS	$	36,115	$	8,094	$	(19,134)

Weighted-average number of shares outstanding - basic		43,193,995		1,030,835		37,010
Additional shares from assumed exercise of warrants		3,070,762		64,368		—
Additional shares from assumed stock-settled restricted stock units		1,040,883		-		—
Additional shares issued under the Employee Stock Purchase Plan		4,460		-		—
Weighted-average number of shares outstanding - diluted		47,310,100		1,095,203		37,010

Earnings (loss) per share - basic:	$	0.84	$	7.85	$	(516.98)
Earnings (loss) per share - diluted:	$	0.76	$	7.39	$	(516.98)