Monarch Casino & Resort Just Filed Its Quarterly Report:   NOTE 3. EARNI...


 

NOTE 3. EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing reported net earnings by the weighted-average number of common shares outstandin g during the period.  Diluted earnings per share reflect the additional dilution for all potentially dilutive securities such as stock options.  The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (shares in thousands):

 

 

 

Three months ended June 30,

 

 

 

2014

 

2013

 

 

 

Shares

 

Per Share
Amount

 

Shares

 

Per Share
Amount

 

Basic

 

16,788

 

$

0.18

 

16,192

 

$

0.38

 

Effect of dilutive stock options

 

316

 

 

510

 

(0.01

)

Diluted

 

17,104

 

$

0.18

 

16,702

 

$

0.37

 

 

 

 

Six months ended June 30,

 

 

 

2014

 

2013

 

 

 

Shares

 

Per Share
Amount

 

Shares

 

Per Share
Amount

 

Basic

 

16,663

 

$

0.38

 

16,170

 

$

0.64

 

Effect of dilutive stock options

 

502

 

(0.01

)

367

 

(0.01

)

Diluted

 

17,165

 

$

0.37

 

16,537

 

$

0.63

 

 

Excluded from the computation of diluted earnings per share are options where the exercise prices are greater than the market price as their effects would be anti-dilutive in the computation of diluted earnings per share. For the three and six months ended June 30, 2014 options for 625,779 shares and 644,491 shares were excluded from the computation. For the three and six months ended June 30, 2013, 548,488 and 865,025 shares were excluded from the computation.

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:

Major owner of Monarch Casino & Resort just declared owning 1,490,240 shares of Monarch Casino & Resort - Oct. 23, 2014
Major owner of Monarch Casino & Resort just declared owning 2,890,681 shares of Monarch Casino & Resort - Oct. 23, 2014
Monarch Casino &: Board Of Directors Approves Share Repurchase Program For Up To Three Million Shares - Oct. 22, 2014

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