CryoLife Just Filed Its Quarterly Report: 15.  Income Per C...


15.  Income Per Common Share 

 

The following table sets forth the computation of basic and diluted income per common share (in thousands, except per share data): 

 

 

 

 

 

 

 

Three Months Ended

 

March 31,

Basic income per common share

2014

 

2013

Net income

$

1,059 

 

$

2,192 

Net income allocated to participating securities

 

(21)

 

 

(50)

Net income allocated to common shareholders

$

1,038 

 

$

2,142 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

27,376 

 

 

26,861 

Basic income per common share

$

0.04 

 

$

0.08 

 

 

 

 

 

 

 

Three Months Ended

 

March 31,

Diluted income per common share

2014

 

2013

Net income

$

1,059 

 

$

2,192 

Net income allocated to participating securities

 

(21)

 

 

(50)

Net income allocated to common shareholders

$

1,038 

 

$

2,142 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

27,376 

 

 

26,861 

Effect of dilutive stock options and awardsa

 

1,087 

 

 

627 

Diluted weighted-average common shares outstanding

 

28,463 

 

 

27,488 

Diluted income per common share

$

0.04 

 

$

0.08 

___________________  

aThe Company excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to income per common share.  Accordingly, stock options to purchase a weighted-average 131,000 shares and 1.2 million shares for the three months ended March 31, 2014 and 2013, respectively, were excluded from the calculation of diluted weighted-average common shares outstanding.

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

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Other recent filings from the company include the following:

CryoLife: Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers - Sept. 9, 2014
VP of CryoLife just cashed-in 10,000 options - Sept. 9, 2014
Initial statement of beneficial ownership of securities - Sept. 4, 2014
CryoLife's President & CEO just picked up 250,000 shares - Sept. 4, 2014
CryoLife's Chairman just disposed of 20,000 shares - Sept. 3, 2014

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