MarineMax Just Filed Its Quarterly Report: 13. NET INCOME PE...


13. NET INCOME PER SHARE:

Basic income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted income per share is calculated similarly, except that the calculation includes the dilutive effect of stock options and non-vested restricted stock awards. The following is a reconciliation of the shares used in the denominator for calc ulating basic and diluted net income per share:

 

     Three Months Ended
June 30,
     Nine Months Ended
June 30,
 
     2013      2014      2013      2014  

Weighted average common shares outstanding used in calculating basic income per share

     23,388,384         24,012,991         23,176,664         23,857,606   

Effect of dilutive options and non-vested restricted stock awards

     788,636         706,378         738,099         744,106   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common and common equivalent shares used in calculating diluted income per share

     24,177,020         24,719,369         23,914,763         24,601,712   
  

 

 

    

 

 

    

 

 

    

 

 

 

During the three months ended June 30, 2013 and 2014, there were 1,355,712 and 865,864 weighted average shares of options outstanding, respectively, that were not included in the computation of diluted income per share because the options’ exercise prices were greater than the average market price of our common stock, and therefore, their effect would have been anti-dilutive. During the nine months ended June 30, 2013 and 2014, there were 1,802,040 and 1,155,397 weighted average shares of options outstanding, respectively, that were not included in the computation of diluted income per share because the options’ exercise prices were greater than the average market price of our common stock, and therefore, their effect would have been anti-dilutive.

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

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Other recent filings from the company include the following:

MarineMax: Entry Into A Material Definitive Agreement - Oct. 23, 2014
MarineMax: Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers - Oct. 14, 2014
MarineMax director just picked up 5,000 shares - Oct. 14, 2014
MarineMax director just picked up 5,000 shares - Oct. 14, 2014
MarineMax's Chief Accounting Officer just declared owning 95 shares of MarineMax - Oct. 14, 2014

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