Virtus Investment Partners Just Filed Its Quarterly Report: Earnings per ShareBa...

Earnings per Share
Basic earnings per share (“EPS”) excludes dilution for potential common stock issuances and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted EPS, the basic weighted-aver age number of shares is increased by the dilutive effect of RSUs and common stock options using the treasury stock method.
The computation of basic and diluted EPS is as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
($ in thousands, except per share amounts)
 
 
 
 
 
 
 
Net (Loss) Income
$
(3,703
)
 
$
36,995

 
$
25,034

 
$
78,554

Noncontrolling interests
3,054

 
345

 
3,436

 
267

Net (Loss) Income Attributable to Common Stockholders
$
(649
)
 
$
37,340

 
$
28,470

 
$
78,821

Shares (in thousands):

 

 

 

Basic: Weighted-average number of shares outstanding
8,775

 
9,096

 
8,876

 
9,115

Plus: Incremental shares from assumed conversion of dilutive instruments

 
183

 
163

 
207

Diluted: Weighted-average number of shares outstanding
8,775

 
9,279

 
9,039

 
9,322

(Loss) Earnings per Share—Basic
$
(0.07
)
 
$
4.10

 
$
3.21

 
$
8.65

(Loss) Earnings per Share—Diluted
$
(0.07
)
 
$
4.02

 
$
3.15

 
$
8.46


For the three and nine months ended September 30, 2015, there were 323,570 and 2,028 instruments, respectively, excluded from the above computations of weighted-average shares for diluted EPS, because the effect would be anti-dilutive. For each of the three and nine months ended September 30, 2014, there were zero instruments excluded from the above computation of weighted-average shares for diluted EPS.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Virtus Investment Partners next reports earnings on October 30, 2015.

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Other recent filings from the company include the following:

The Vanguard Group just provided an update on share ownership of Virtus Investment Partners - July 10, 2017

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