Dorian LPG Just Filed Its Quarterly Report: 14. Earnings Per Sh...

14. Earnings Per Share (“EPS”)

Basic EPS represents net income attributable to common shareholders divided by the weighted average number of our common shares outstanding during the measurement period. Our restricted stock shares include rights to receive dividends that are subject to the risk of forfeiture if service requirements are not satisfied, and as a result, these shares are not considered participating securities and are excluded from the basic weighted-average shares outstanding calculation. Diluted EPS represent net income attributable to common shareholders divided by the weighted average number of our common shares outstanding during the measurement period while also giving effect to all potentially dilutive common shares that were outstanding during the period.

The calculations of basic and diluted EPS for the periods presented are as follows:

Three months ended

(In U.S. dollars except share data)

June 30, 2021

June 30, 2020

Numerator:

Net income

$

5,869,100

$

12,168,005

Denominator:

Basic weighted average number of common shares outstanding

40,944,845

50,554,233

Effect of dilutive restricted stock and restricted stock units

220,293

125,216

Diluted weighted average number of common shares outstanding

41,165,138

50,679,449

EPS:

Basic

$

0.14

$

0.24

Diluted

$

0.14

$

0.24

No shares of unvested restricted stock were excluded from the calculation of diluted EPS for the three months ended June 30, 2021 and 2020.

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:

Submission of Matters to a Vote of Security - Oct. 27, 2021
Dorian Lpg Ltd. Provides Update For Second Quarter 2022 And Announces Second Quarter 2022 Earnings And Conference Call Date - Oct. 27, 2021
Dorian LPG releases salary data. CEO sees compensation rise 123% - Sept. 30, 2021

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