MiX Telematics Just Filed Its Quarterly Report: Earnings per shareBa...

Earnings per share

Basic
Basic earnings per share is calculated by dividing the income attributable to ordinary shareholders of the parent by the weighted average number of ordinary shares in issue during the period.

The net income and weighted average number of shares used in the calculation of basic and diluted earnings per share are as follows (in thousands, except per share data):
Three Months Ended June 30,
20212022
Numerator (basic)
Net income attributable to MiX Telematics Limited stockholders$3,531 $678 
Denominator (basic)
Weighted-average number of ordinary shares in issue and outstanding551,860 551,367 
Basic earnings per share $0.01 $0.001 
American Depository Shares*:
Net income attributable to MiX Telematics Limited stockholders$3,531 $678 
Weighted-average number of American Depository Shares in issue and outstanding22,074 22,055 
Basic earnings per American Depository share$0.16 $0.03 
*One American Depository Share is the equivalent of 25 ordinary shares.

Diluted
Diluted earnings per share is calculated by dividing the diluted income attributable to ordinary shareholders by the diluted weighted average number of ordinary shares in issue during the period. Stock options, retention shares and stock appreciation rights granted to directors and employees are considered to be potential ordinary shares. They have been included in the determination of diluted earnings per share if the required target share price or annual shareholder return hurdles (as applicable) would have been met based on the performance up to the reporting date, and to the extent to which they are dilutive.
Three Months Ended June 30,
20212022
Numerator (diluted)
Diluted net income attributable to MiX Telematics Limited stockholders$3,531 $678 
Denominator (diluted)
Weighted-average number of ordinary shares in issue and outstanding551,860 551,367 
Adjusted for:
– potentially dilutive effect of stock appreciation rights11,840 3,551 
– potentially dilutive effect of restricted share units1,320 1,747 
Diluted-weighted average number of ordinary shares in issue and outstanding565,020 556,665 
Diluted earnings per share$0.01 $0.001 
American Depository Shares*:
Diluted net income attributable to MiX Telematics Limited stockholders$3,531 $678 
Diluted weighted-average number of American Depository Shares in issue and outstanding22,601 22,267 
Diluted earnings per American Depository share$0.16 $0.03 
*One American Depository Share is the equivalent of 25 ordinary shares.

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

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