AVX Corporation Just Filed Its Quarterly Report:  2. Earnings Per...


 2. Earnings Per Share:

 

Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding for the period.  Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the dilutive effect of potential common stock equivalents during the period.  Stock options are the only common stock equivalents currently used in our calculation and are computed using the treasury stock method. 

 

The table below represents the basic and diluted weighted average number of shares of common stock and potential common stock equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

June 30, 2013

 

June 30, 2014

Net income

$

27,657 

 

$

40,771 

Computation of Basic EPS:

 

 

 

 

 

Weighted Average Shares Outstanding used in computing Basic EPS

 

168,647 

 

 

168,156 

Basic earnings per share

$

0.16 

 

$

0.24 

Computation of Diluted EPS:

 

 

 

 

 

Weighted Average Shares Outstanding

 

168,647 

 

 

168,156 

Effect of stock options

 

103 

 

 

239 

Weighted Average Shares used in computing Diluted EPS (1)

 

168,750 

 

 

168,395 

Diluted income per share

$

0.16 

 

$

0.24 

 

 

(1) Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been antidilutive were 3,594 shares and 2,340 shares for the three months ended June 30, 2013 and 2014, respectively. 

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:

VP of AVX Corporation just cashed-in 15,400 options - Nov. 18, 2014
AVX Corporation's VP CFO Treasurer and Corporate just picked up 1 shares - Nov. 17, 2014
VP of AVX Corporation just picked up 1 shares - Nov. 17, 2014
AVX Corporation's CEO and President just picked up 25 shares - Nov. 17, 2014
AVX Corporation's Vice President of Sales just picked up 1 shares - Nov. 17, 2014

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