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

 

 

 

August 29,
2015

 

August 30,
2014

 

 

Net income

$

7,133 

 

$

5,395 

 

 

Basic:

 

 

 

 

 

 

 

Weighted average shares

 

37,295 

 

 

38,180 

 

 

Diluted:

 

 

 

 

 

 

 

Weighted average shares

 

37,295 

 

 

38,180 

 

 

Potentially dilutive shares

 

552 

 

 

155 

 

 

Total dilutive shares

 

37,847 

 

 

38,335 

 

 

Net income per common share:

 

 

 

 

 

 

 

Basic

$

0.19 

 

$

0.14 

 

 

Dilutive

$

0.19 

 

$

0.14 

 

 

Anti-dilutive shares not included above

 

3,979 

 

 

8,025 

 

 

 

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

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