Resources Connection Just Filed Its Annual Report: Per Share Informa...

Per Share Information

The Company presents both basic and diluted earnings per 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, exercise 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 over the period are anti-dilutive and are excluded from the calculation.

The following table summarizes the calculation of net income per share for the years ended May 28, 2016, May 30, 2015 and May 31, 2014 (in thousands, except per share amounts):

 





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

2016

 

2015

 

2014

Net income

 

$

30,443 

 

$

27,508 

 

$

19,886 

Basic:

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

37,037 

 

 

37,825 

 

 

39,216 

Diluted:

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

37,037 

 

 

37,825 

 

 

39,216 

Potentially dilutive shares

 

 

571 

 

 

423 

 

 

91 

Total dilutive shares

 

 

37,608 

 

 

38,248 

 

 

39,307 

Net income per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.82 

 

$

0.73 

 

$

0.51 

Dilutive

 

$

0.81 

 

$

0.72 

 

$

0.51 

Anti-dilutive shares not included above

 

 

4,745 

 

 

5,746 

 

 

7,828 



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

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Other recent filings from the company include the following:

Resources Connection director just disposed of 4,000 shares - Aug. 4, 2017
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Resources Connection Just Filed Its Annual Report: Per Share Informa... - July 24, 2017

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