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 June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
($ in thousands, except per share amounts)
 
 
 
 
 
 
 
Net Income
$
8,700

 
$
9,012

 
$
20,570

 
$
28,737

Noncontrolling interests
(612
)
 
765

 
(119
)
 
382

Net Income Attributable to Common Stockholders
$
8,088

 
$
9,777

 
$
20,451

 
$
29,119

Shares (in thousands):

 

 
 
 
 
Basic: Weighted-average number of shares outstanding
8,170

 
8,889

 
8,257

 
8,927

Plus: Incremental shares from assumed conversion of dilutive instruments
144

 
148

 
153

 
167

Diluted: Weighted-average number of shares outstanding
8,314

 
9,037

 
8,410

 
9,094

Earnings per Share—Basic
$
0.99

 
$
1.10

 
$
2.48

 
$
3.26

Earnings per Share—Diluted
$
0.97

 
$
1.08

 
$
2.43

 
$
3.20


For the three and six months ended June 30, 2016, there were 6,159 and 10,195 instruments, respectively, excluded from the above computations of weighted-average shares for diluted EPS, and for the three and six months ended June 30, 2015, there were 0 and 3,043 instruments, respectively, excluded from the above computations of weighted-average shares for diluted EPS, because the effect would be anti-dilutive.

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

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