Flow International Corporation Just Filed Its Quarterly Report: Basic and Diluted In...


Basic and Diluted Income per Share

Basic income per share is calculated by dividing income from continuing operations by the weighted average number of common sha res outstanding during the period. Diluted income per share is calculated by dividing income from continuing operations by the weighted average number of common shares and potential common shares outstanding during the period. Potential dilutive common shares consist of the incremental common shares issuable upon the exercise of outstanding employee stock options and non-vested restricted stock units as determined under the treasury stock method, except where their inclusion would be antidilutive.

The following table sets forth the computation of basic and diluted income from continuing operations per share:
 
Three Months Ended
 
Six Months Ended
 
October 31,
 
October 31,
 
2013
 
2012
 
2013
 
2012
Income from Continuing Operations
$
2,307

 
$
2,175

 
$
1,472

 
$
4,382

Weighted average shares used in computing basic income per share
48,981

 
48,368

 
48,755

 
48,203

Dilutive potential common shares from employee stock options and restricted stock units
326

 
536

 
363

 
738

Weighted average shares used in computing diluted income per share
49,307

 
48,904

 
49,118

 
48,941

Basic income from continuing operations per share
$
0.05

 
$
0.04

 
$
0.03

 
$
0.09

Diluted income from continuing operations per share
$
0.05

 
$
0.04

 
$
0.03

 
$
0.09



There were 1.2 million common shares from employee stock options and restricted stock units which were excluded from the diluted weighted average share calculation for both the three and six months ended October 31, 2013 as compared to 0.4 million and 0.9 million for the respective three and six months ended October 31, 2012 as their effects were antidilutive.

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

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