Earnings per common share – Basic earnings per share exclude any dilutive effects of options, warrants and convertible securities. Basic earnings per share are computed using the weighted-average number of outstanding common shares during the applicable period. Diluted earnings per share is computed using the weighted average number of common and dilutive and common stock equivalent shares, if any, outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. Potentially dilutive shares excluded in dilutive earnings per share totaled 50,807,948 for the six months ended June 30, 2017 as the effect was anti-dilutive.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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