Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.3.0.814
Earnings Per Share
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 11.  EARNINGS (LOSS) PER SHARE

 

Basic earnings (loss) per share is computed by dividing earnings (loss) by the weighted average number of common shares outstanding during each period.  Diluted earnings (loss) per share is computed by dividing earnings (loss) by the total of the weighted average number of shares of common stock outstanding during each period, plus the effect of dilutive outstanding stock options and unvested restricted stock grants.  Potentially dilutive securities are excluded from the computation of diluted earnings per share if their effect is anti-dilutive to loss from continuing operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table is a reconciliation of basic and diluted shares of common stock outstanding used in the calculation of earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 2015

 

September 30, 2014

 

September 30, 2015

 

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

32,776 

 

 

32,585 

 

 

32,735 

 

 

32,525 

Effect of dilutive stock awards

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Weighted average shares outstanding - diluted

 

 

32,776 

 

 

32,585 

 

 

32,735 

 

 

32,525 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.50)

 

$

(0.04)

 

$

(1.67)

 

$

(0.20)

Diluted

 

 

(1.50)

 

 

(0.04)

 

 

(1.67)

 

 

(0.20)

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.03 

 

$

0.67 

 

$

(0.02)

 

$

0.63 

Diluted

 

 

0.03 

 

 

0.67 

 

 

(0.02)

 

 

0.63 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.47)

 

$

0.63 

 

$

(1.69)

 

$

0.43 

Diluted

 

 

(1.47)

 

 

0.63 

 

 

(1.69)

 

 

0.43 

 

 

 

For the three months ended September 30, 2015 and 2014, equity awards of 2,995 and 3,705, respectively, and for the nine months ended September 30, 2015 and 2014, equity awards of 3,241 and 3,567, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of loss per share for these periods.