NCI Building Systems Just Filed Its Quarterly 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 earnings 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 earnings per common share is as follows (in thousands, except per share data): 
 
Fiscal Three Months Ended
 
January 28,
2018
 
January 29,
2017
Numerator for Basic and Diluted Earnings Per Common Share:
 

 
 

Net income applicable to common shares
$
5,211

 
$
2,031

Denominator for Basic and Diluted Earnings Per Common Share:
 

 
 

Weighted average basic number of common shares outstanding
66,434

 
70,875

Common stock equivalents:
 
 
 
Employee stock options
71

 
135

PSUs and Performance Share Awards
41

 
78

Weighted average diluted number of common shares outstanding
66,546

 
71,088

 
 
 
 
Basic earnings per common share
$
0.08

 
$
0.03

Diluted earnings per common share
$
0.08

 
$
0.03

 
 
 
 
Incentive Plan securities excluded from dilution(1)
1

 
2


(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. Awards subject to the achievement of performance conditions or market conditions for which such conditions had been met at the end of any of the fiscal periods presented are included in the computation of diluted earnings per common share if their effect was 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:

Major owner of NCI Building Systems just declared owning 18,981,188 shares of NCI Building Systems - Nov. 23, 2018
GGC Opportunity Fund Management GP, Ltd. just provided an update on activist position in NCI Building Systems - Nov. 23, 2018
Major owner of NCI Building Systems just declared owning 18,981,188 shares of NCI Building Systems - Nov. 23, 2018
President of NCI Building Systems just picked up 95,049 shares - Nov. 20, 2018
SVP of NCI Building Systems just picked up 30,408 shares - Nov. 20, 2018

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