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 each of the three and nine months ended July 31, 2018 and 2017 were calculated as follows (in thousands, except per share data):
 
Three Months Ended July 31, 2018
 
Net Income
 
Weighted Average Shares
 
Per Share
Basic earnings per common share
$
10,753

 
34,840

 
$
0.31

Effect of dilutive securities:
 
 
 
 
 
Stock options
 
 
171

 
 
Restricted stock awards
 
 
109

 
 
Diluted earnings per common share
$
10,753

 
35,120

 
$
0.31

 
Three Months Ended July 31, 2017
 
Net Income
 
Weighted Average Shares
 
Per Share
Basic earnings per common share
$
10,215

 
34,224

 
$
0.30

Effect of dilutive securities:
 
 
 
 
 
Stock options
 
 
495

 
 
Restricted stock awards
 
 
143

 
 
Performance shares
 
 
62

 
 
Diluted earnings per common share
$
10,215

 
34,924

 
$
0.29


 
Nine Months Ended July 31, 2018
 
Net Income
 
Weighted Average Shares
 
Per Share
Basic earnings per common share
$
19,836

 
34,766

 
$
0.57

Effect of dilutive securities:
 
 
 
 
 
Stock options
 
 
226

 
 
Restricted stock awards
 
 
133

 
 
Diluted earnings per common share
$
19,836

 
35,125

 
$
0.56


 
Nine Months Ended July 31, 2017
 
Net Income
 
Weighted Average Shares
 
Per Share
Basic earnings per common share
$
7,951

 
34,141

 
$
0.23

Effect of dilutive securities:
 
 
 
 
 
Stock options
 
 
440

 
 
Restricted stock awards
 
 
128

 
 
Performance shares
 
 
62

 
 
Diluted earnings per common share
$
7,951

 
34,771

 
$
0.23


We had common stock equivalents that were potentially dilutive in future earnings per share calculations of 1,015,946 and 972,606 for the three and nine months ended July 31, 2018, respectively, and 411,450 and 839,150, respectively, for the prior year comparable periods. 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.

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Other recent filings from the company include the following:

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

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