NCI Building Systems Just Filed Its Annual Report: EARNINGS PER COMMON ...

EARNINGS PER COMMON SHARE
Basic earnings per common share is computed by dividing net income allocated to common shares by the weighted average number of common shares outstanding. Diluted income per common share, if applicable, considers the dilutive effect of common stock equivalents. The reconciliation of the numerator and denominator used for the computation of basic and diluted income per common share is as follows (in thousands, except per share data):
 
Fiscal Year Ended
 
October 29,
2017
 
October 30,
2016
 
November 1,
2015
Numerator for Basic and Diluted Earnings Per Common Share:
 
 
 
 
 
Net income applicable to common shares
$
54,399

 
$
50,638

 
$
17,646

Denominator for Basic and Diluted Earnings Per Common Share:
 
 
 
 
 
Weighted average basic number of common shares outstanding
70,629

 
72,411

 
73,271

Common stock equivalents:
 
 
 
 
 
Employee stock options
124

 
446

 
652

PSUs and Performance Share Awards
25

 

 

Weighted average diluted number of common shares outstanding
70,778

 
72,857

 
73,923

 
 
 
 
 
 
Basic earnings per common share
$
0.77

 
$
0.70

 
$
0.24

Diluted earnings per common share
$
0.77

 
$
0.70

 
$
0.24

 
 
 
 
 
 
Incentive Plan securities excluded from dilution(1)
0

 
195

 
289

(1)
Represents securities not included in the computation of diluted earnings per common share because their effect would have been anti-dilutive.
We calculate earnings per share using the “two-class” method, whereby unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are “participating securities” and, therefore, these participating securities are treated as a separate class in computing earnings per share. The calculation of earnings per share presented here excludes the income attributable to unvested restricted stock units related to our Incentive Plan from the numerator and excludes the dilutive impact of those shares from the denominator.

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:

Definitive proxy statement relating to merger or acquisition - Oct. 17, 2018
Preliminary Proxy Soliciting materials - Oct. 5, 2018

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