Credit Acceptance Corporation Just Filed Its Quarterly Report: NET INCOME PER SHARE...

NET INCOME PER SHARE

Basic net income per share has been computed by dividing net income by the basic number of weighted average shares outstanding. Diluted net income per share has been computed by dividing net income by the diluted number of weighted average shares outstanding using the treasury stock method. The share effect is as follows:
 For the Three Months Ended 
September 30,
For the Nine Months Ended 
September 30,
 2021202020212020
Weighted average shares outstanding:    
Common shares15,430,120 17,526,660 16,186,518 17,645,184 
Vested restricted stock units365,843 318,125 356,808 312,747 
Basic number of weighted average shares outstanding15,795,963 17,844,785 16,543,326 17,957,931 
Dilutive effect of restricted stock, restricted stock units and stock options33,203 4,980 16,313 15,160 
Dilutive number of weighted average shares outstanding15,829,166 17,849,765 16,559,639 17,973,091 

For the three and nine months ended September 30, 2021, there were 120,217 and 204,557 stock options outstanding, respectively, that were excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive. For the three and nine months ended September 30, 2021, there were no shares of restricted stock or restricted stock units outstanding that were excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive. For the three and nine months ended September 30, 2020, there were no stock options, shares of restricted stock, or restricted stock units outstanding that were excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever Credit Acceptance Corporation makes a similar move, sign up!

Auto Refresh

Feedback