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Earnings (Loss) Per Share Attributable to Stockholders
 9 Months Ended
Sep. 30, 2016
Earnings (Loss) Per Share Attributable to Stockholders [Abstract]  
Earnings (Loss) Per Share Attributable to Stockholders

11.  Earnings (loss) per share attributable to stockholders

Basic earnings per share (“EPS”) attributable to stockholders was calculated by dividing the net income attributable to stockholders by the weighted average (“WA”) number of common shares outstanding. Diluted EPS attributable to stockholders was calculated by dividing the net income attributable to stockholders after giving effect to outstanding dilutive stock options and PSUs by the WA number of shares outstanding adjusted for all dilutive securities.





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Three months ended

 

Nine months ended



September 30, 2016

 

September 30, 2016



 

Net loss

 

WA

 

 

 

 

 

Net income

 

WA

 

 

 



 

attributable to

 

number

 

 

Per share

 

 

attributable to

 

number

 

 

Per share



 

stockholders

 

of shares

 

 

amount

 

 

stockholders

 

of shares

 

 

amount

Basic

$

 (5,137)

 

 106,622,376 

 

$

 (0.05)

 

$

 63,979 

 

 106,595,088 

 

$

 0.60 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PSUs

 

 -

 

 81,610 

 

 

 -

 

 

 -

 

 27,203 

 

 

 -

Stock options

 

 -

 

 821,065 

 

 

 -

 

 

 -

 

 599,099 

 

 

 -

Diluted

$

 (5,137)

 

 107,525,051 

 

$

 (0.05)

 

$

 63,979 

 

 107,221,390 

 

$

 0.60 





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Three months ended

 

Nine months ended



September 30, 2015

 

September 30, 2015



 

Net income

 

WA

 

 

 

 

 

Net income

 

WA

 

 

 



 

attributable to

 

number

 

 

Per share

 

 

attributable to

 

number

 

 

Per share



 

stockholders

 

of shares

 

 

amount

 

 

stockholders

 

of shares

 

 

amount

Basic

$

 20,825 

 

 107,137,417 

 

$

 0.19 

 

$

 89,685 

 

 107,041,819 

 

$

 0.84 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 -

 

 380,471 

 

 

 -

 

 

 -

 

 391,540 

 

 

 (0.01)

Diluted

$

 20,825 

 

 107,517,888 

 

$

 0.19 

 

$

 89,685 

 

 107,433,359 

 

$

 0.83 





In respect of PSUs awarded under the senior executive and employee PSU plans (described in note 22), performance and market conditions, depending on their outcome at the end of the contingency period, can reduce the number of vested awards to nil or to a maximum of 200% of the number of outstanding PSUs. For the three and nine months ended September 30, 2016, PSUs to purchase 253,646 and 231,671 common shares, respectively, were outstanding but excluded from the calculation of diluted EPS attributable to stockholders as they were anti-dilutive. For the three and nine months ended September 30, 2016, stock options to purchase nil and 1,002,929 common shares, respectively, were outstanding but excluded from the calculation of diluted EPS attributable to stockholders as they were anti-dilutive (2015:  113,073 and 206,733).