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,
 
2016
 
2015
 
2016
 
2015
($ in thousands, except per share amounts)
 
 
 
 
 
 
 
Net Income (Loss)
$
16,276

 
$
(3,703
)
 
$
36,846

 
$
25,034

Noncontrolling interests
(651
)
 
3,054

 
(770
)
 
3,436

Net Income (Loss) Attributable to Common Stockholders
$
15,625

 
$
(649
)
 
$
36,076

 
$
28,470

Shares (in thousands):

 

 
 
 
 
Basic: Weighted-average number of shares outstanding
7,676

 
8,775

 
8,062

 
8,876

Plus: Incremental shares from assumed conversion of dilutive instruments
178

 

 
161

 
163

Diluted: Weighted-average number of shares outstanding
7,854

 
8,775

 
8,223

 
9,039

Earnings (Loss) per Share—Basic
$
2.04

 
$
(0.07
)
 
$
4.47

 
$
3.21

Earnings (Loss) per Share—Diluted
$
1.99

 
$
(0.07
)
 
$
4.39

 
$
3.15


For the three and nine months ended September 30, 2016, there were 11,502 and 10,630 instruments, respectively, excluded from the above computations of weighted-average shares for diluted EPS, and 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.

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:

Virtus Investment: Form, Schedule Or Registration Statement No Filing Party: Date Filed: - April 5, 2017
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