Quanex Building Products Corporation Just Filed Its Quarterly Report: Earnings Per ShareWe...

Earnings Per Share
We compute basic earnings (loss) per share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common shares include the weighted average of additional shares associated with the incremental effect of dilutive employee stock options, non-vested restricted stock as determined using the treasury stock method prescribed by U.S. GAAP a nd contingent shares associated with performance share awards, if dilutive.
Basic and diluted earnings per share for the three-month periods ended April 30, 2017 and 2016 were calculated as follows (in thousands, except per share data):
 
Three Months Ended April 30, 2017
 
Net Income
 
Weighted Average Shares
 
Per Share
Basic earnings per common share
$
1,462

 
34,146

 
$
0.04

Effect of dilutive securities:
 
 
 
 
 
Stock options

 
440

 
 
Restricted stock awards

 
121

 
 
Performance shares

 
62

 
 
Diluted earnings per common share
$
1,462

 
34,769

 
$
0.04

 
Three Months Ended April 30, 2016
 
Net Income
 
Weighted Average Shares
 
Per Share
Basic earnings per common share
$
3,935

 
33,873

 
$
0.12

Effect of dilutive securities:
 
 
 
 
 
Stock options

 
317

 
 
Restricted stock awards

 
191

 
 
Performance shares
 
 
68

 
 
Diluted earnings per common share
$
3,935

 
34,449

 
$
0.11


Basic and diluted loss per share was $0.07 and $0.10 for the six months ended April 30, 2017 and 2016, respectively. The computation of diluted earnings per share excludes outstanding stock options and other common stock equivalents when their inclusion would be anti-dilutive. This is always the case when an entity incurs a net loss. During the six-month periods ended April 30, 2017 and 2016, 426,572 and 371,934 shares of common stock equivalents, respectively, and 121,023 and 175,251 shares of restricted stock, respectively, were excluded from the computation of diluted earnings per share. In addition, 61,800 and 67,550 potentially dilutive contingent shares related to performance share awards for the six-month periods ended April 30, 2017 and 2016, respectively, were excluded.
We had common stock equivalents that were potentially dilutive in future earnings per share calculations of 760,712 and 924,412 for the three-month periods ended April 30, 2017 and 2016, respectively, and 1,025,007 and 822,572 for the six-month periods ended April 30, 2017 and 2016, respectively. Such dilution will be dependent on the excess of the market price of our stock over the exercise price and other components of the treasury stock method.

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

To receive a free e-mail notification whenever Quanex Building Products Corporation makes a similar move, sign up!

Other recent filings from the company include the following:

Chairman of Quanex Building Products Corporation just picked up 10,489 shares - July 2, 2019

Auto Refresh

Feedback