AVX Corporation Just Filed Its Quarterly Report:    2. EARNINGS P...


   2. EARNINGS PER SHARE

 

Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding for the period.  Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the dilutive effect of potential common stock equivalents during the period.  Stock options are the only common stock equivalents currently used in our calculation and are computed using the treasury stock method. 

 

The table below represents the basic and diluted weighted average number of shares of common stock and potential common stock equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

December 31, 2012

 

December 31, 2013

 

 

December 31, 2012

 

December 31, 2013

Net income (loss)

$

19,864 

 

$

31,434 

 

 

$

(88,882)

 

$

87,907 

Computation of Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Shares Outstanding used in computing Basic EPS

 

168,978 

 

 

168,428 

 

 

 

169,241 

 

 

168,554 

Basic earnings (loss) per share

$

0.12 

 

$

0.19 

 

 

$

(0.53)

 

$

0.52 

Computation of Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Shares Outstanding

 

168,978 

 

 

168,428 

 

 

 

169,241 

 

 

168,554 

Effect of stock options

 

16 

 

 

272 

 

 

 

 -

 

 

180 

Weighted Average Shares used in computing Diluted EPS (1)

 

168,994 

 

 

168,700 

 

 

 

169,241 

 

 

168,734 

Diluted income (loss) per share

$

0.12 

 

$

0.19 

 

 

$

(0.53)

 

$

0.52 

 

(1) Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been antidilutive were 3,822 shares and 2,282 shares for the three months ended December 31, 2012 and 2013, respectively, and 3,862 and 3,051 for the nine months ended December 31, 2012 and 2013, respectively.  In addition, 42 shares that would have been dilutive if we had income were excluded from the computation of diluted earnings per share due to the Company's net loss position for the nine months ended December 31, 2012.

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

To receive a free e-mail notification whenever AVX Corporation makes a similar move, sign up!

   Auto Refresh

Feedback