BIMINI CAPITAL MANAGEMENT, INC. Just Filed Its Quarterly Report: Earnings Per Share  ...

Earnings
 
Per Share
 
Basic EPS is calculated as income available to common stockholders divided
 
by the weighted average number of c ommon shares
outstanding during the period. Diluted EPS is calculated using the treasury stock or two-class
 
method, as applicable for common stock
equivalents. However, the common stock equivalents are not included in computing diluted EPS if the result is anti-dilutive.
 
Outstanding shares of Class B Common Stock, participating and convertible into Class
 
A Common Stock, are entitled to receive
dividends in an amount equal to the dividends declared, if any, on each share of Class A Common Stock. Accordingly, shares of the
Class B Common Stock are included in the computation of basic EPS using the
 
two-class method and, consequently, are presented
separately from Class A Common Stock.
 
The shares of Class C Common Stock are not included in the basic EPS computation
 
as these shares do not have participation
rights. The outstanding shares of Class B and Class C Common Stock are not
 
included in the computation of diluted EPS for the Class
A Common Stock as the conditions for conversion into shares of Class A Common
 
Stock were not met.

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

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