Resources Connection Just Filed Its Quarterly Report: Net Income Per Sh...

Net Income Per Share Information

The Company presents both basic and diluted earnings per common share (“EPS”).  Basic EPS is calculated by dividing net income by the weighted average number of common shares outstanding during the period.   Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the period, calculated using the treasury stock method for stock options.  Under the treasury stock method, assumed proceeds include the amount the employee must pay for exercising stock options, the amount of compensation cost for future services that the Company has not yet recognized and the amount of tax benefits that would be recorded in additional paid-in capital when the award becomes deductible.  Common equivalent shares are excluded from the computation in periods in which they have an anti-dilutive effect.  Stock options for which the exercise price exceeds the average market price per common share over the period are anti-dilutive and are excluded from the calculation.

The following table summarizes the calculation of net income per common share for the periods indicated (amounts in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

February 28,

 

February 22,

 

February 28,

 

February 28,

 

 

2015

 

2014

 

2015

 

2015

 

Net income

$

5,989 

 

$

2,279 

 

$

19,400 

 

$

13,027 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

37,724 

 

 

39,027 

 

 

37,938 

 

 

39,444 

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

37,724 

 

 

39,027 

 

 

37,938 

 

 

39,444 

 

Potentially dilutive shares

 

564 

 

 

131 

 

 

362 

 

 

75 

 

Total dilutive shares

 

38,288 

 

 

39,158 

 

 

38,300 

 

 

39,519 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.16 

 

$

0.06 

 

$

0.51 

 

$

0.33 

 

Dilutive

$

0.16 

 

$

0.06 

 

$

0.51 

 

$

0.33 

 

Anti-dilutive shares not included above

 

4,828 

 

 

7,658 

 

 

6,318 

 

 

8,127 

 

 

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

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