PMC Commercial Trust Just Filed Its Quarterly Report: EARNINGS PER SHARE (...

EARNINGS PER SHARE ("EPS")
The computations of basic EPS are based on our weighted average shares outstanding. The basic weighted average shares of Common Stock outstanding were 84,048,000 and 97,662,000 for the three months ended March 31, 2017 and 2016, respectively. We had no dilutive securities outstanding for each of the three months ended March 31, 2017 and 2016. Outstanding shares of Series A Preferred Stock and Warrants were not included in the computation of diluted EPS for the three months ended March 31, 2017 because their impact was deemed to be anti-dilutive. No shares of Series A Preferred Stock or Warrants were outstanding during the three months ended March 31, 2016.
EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.
The following table reconciles the numerator and denominator used in computing our basic and diluted per-share computations for net income available to common stockholders for the three months ended March 31, 2017 and 2016:
 
Three Months Ended March 31,
 
2017
 
2016
 
(in thousands, except share and per share amounts)
Numerator:
 
 
 
Net income from continuing operations
$
193,935

 
$
26,293

Net income attributable to noncontrolling interests
(5
)
 
(3
)
Redeemable preferred stock dividends
(31
)
 

Numerator for basic and diluted net income from continuing operations available to common stockholders
193,899

 
26,290

Net income from discontinued operations

 
690

Numerator for basic and diluted net income available to common stockholders
$
193,899

 
$
26,980

Denominator:
 
 
 
Basic weighted average shares outstanding
84,048

 
97,662

Effect of dilutive securities—contingently issuable shares and stock options

 

Diluted weighted average shares and common stock equivalents outstanding
84,048

 
97,662

Basic and diluted net income available to common stockholders per share:
 
 
 
Continuing operations
$
2.31

 
$
0.27

Discontinued operations

 
0.01

Net income
$
2.31

 
$
0.28

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

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