Black Diamond Just Filed Its Annual Report: NOTE 12.  EARNING...


NOTE 12.  EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing earnings by the weighted average number of common shares outstanding during each period.& nbsp; Diluted earnings per share is computed by dividing earnings by the total of the weighted average number of shares of common stock outstanding during each period, plus the effect of outstanding stock options and unvested restricted stock grants.  Potentially dilutive securities are excluded from the computation of diluted earnings per share if their effect is anti-dilutive.

 

The following table is a reconciliation of basic and diluted shares of common stock outstanding used in the calculation of earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

32,007 

 

 

29,817 

 

 

21,845 

Effect of dilutive stock awards

 

 

 -

 

 

309 

 

 

201 

Weighted average shares outstanding - diluted

 

 

32,007 

 

 

30,126 

 

 

22,046 

 

 

 

 

 

 

 

 

 

 

(Loss) earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.18)

 

$

0.07 

 

$

0.22 

Diluted

 

 

(0.18)

 

 

0.06 

 

 

0.22 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2013, basic net loss per share was the same as diluted net loss per share because all potentially dilutive securities were anti-dilutive due to the net loss for the period.  For the year ended December 31, 2013, options to purchase 2,095 shares of common stock and 11 shares of restricted stock were outstanding and anti-dilutive due to the net loss for the period.  Additionally, options to purchase 711 shares of common stock were outstanding and anti-dilutive because the exercise prices were higher than the average market price of the Company’s common stock for the year ended December 31, 2013 and 322 shares of unvested restricted stock were outstanding and excluded as their required performance or market conditions were not met.

 

For the year ended December 31, 2012, diluted earnings per share excludes the anti-dilutive effect of options to purchase 696 shares of common stock whose exercise prices were higher than the average market price of the Company’s common stock for the year ended December 31, 2012 and 750 shares of unvested restricted stock as their required performance or market conditions were not met.

 

For the year ended December 31, 2011, diluted earnings per share excludes the anti-dilutive effect of options to purchase 800 shares of common stock whose exercise prices were higher than the average market price of the Company’s common stock for the year ended December 31, 2011 and 750 shares of unvested restricted stock as their required performance or market conditions were not met.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Black Diamond next reports earnings on March 10, 2014.

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Other recent filings from the company include the following:

Black Diamond Just Filed Its Quarterly Report: NOTE 11.  EARNING... - Nov. 4, 2014
Black Diamond Reports Third Quarter 2014 Results - Nov. 3, 2014

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