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Earnings per Share
 6 Months Ended
Mar. 31, 2014
Earnings per Share  
Earnings per Share

11.       Earnings per Share

 

The following table sets forth the computations of basic and diluted EPS for the periods indicated, reflecting the amounts attributable to Headwaters and excluding the amounts attributable to the non-controlling interest in Roof Tile. In accordance with ASC 260, income (loss) from continuing operations for each period is used as the control number in determining whether potentially dilutive common shares should be included in the diluted earnings per share computations for those periods, even when the effect of doing so is anti-dilutive to the other per-share amounts.

 

 

 

Three Months Ended
March 31,

 

Six Months Ended
March 31,

 

(in thousands, except per-share amounts)

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(10,283

)

$

(9,507

)

$

(14,157

)

$

(11,641

)

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to non-controlling interest

 

0

 

(236

)

0

 

(230

)

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share from continuing operations — loss from continuing operations attributable to Headwaters Incorporated

 

(10,283

)

(9,743

)

(14,157

)

(11,871

)

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share from discontinued operations — income (loss) from discontinued operations, net of income taxes

 

2,023

 

(575

)

25

 

125

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share — net loss attributable to Headwaters Incorporated

 

$

(8,260

)

$

(10,318

)

$

(14,132

)

$

(11,746

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted earnings per share — weighted- average shares outstanding

 

72,710

 

73,121

 

67,346

 

73,094

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted loss per share from continuing operations

 

$

(0.14

)

$

(0.13

)

$

(0.21

)

$

(0.16

)

Basic and diluted income (loss) per share from discontinued operations

 

0.03

 

(0.01

)

0.00

 

0.00

 

Basic and diluted loss per share

 

$

(0.11

)

$

(0.14

)

$

(0.21

)

$

(0.16

)

 

 

 

 

 

 

 

 

 

 

Anti-dilutive securities not considered in diluted EPS calculation:

 

 

 

 

 

 

 

 

 

SARs

 

3,769

 

3,821

 

3,928

 

3,879

 

Stock options

 

1,002

 

594

 

1,056

 

606

 

Restricted stock

 

210

 

253

 

210

 

253