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Earnings Per Share Attributable to Stockholders
12 Months Ended
Dec. 31, 2017
Earnings Per Share Attributable to Stockholders [Abstract]  
Earnings Per Share Attributable to Stockholders

10.  Earnings per share attributable to stockholders 

Basic 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.





 

 

 

 

 

 



 

 

 

 

 

 



Net income

 

WA

 

 

 



attributable to

 

number

 

 

Per share

Year ended December 31, 2017

stockholders

 

of shares

 

 

amount

Basic

75,027 

 

107,044,348 

 

$

0.70 

Effect of dilutive securities:

 

 

 

 

 

 

PSUs

(152)

 

353,880 

 

 

 -

Stock options

 -

 

714,923 

 

 

(0.01)

Diluted

74,875 

 

108,113,151 

 

$

0.69 







 

 

 

 

 

 



 

 

 

 

 

 



Net income

 

WA

 

 

 



attributable to

 

number

 

 

Per share

Year ended December 31, 2016

stockholders

 

of shares

 

 

amount

Basic

91,832 

 

106,630,323 

 

$

0.86 

Effect of dilutive securities:

 

 

 

 

 

 

PSUs

 -

 

91,997 

 

 

 -

Stock options

 -

 

735,474 

 

 

(0.01)

Diluted

91,832 

 

107,457,794 

 

$

0.85 







 

 

 

 

 

 



 

 

 

 

 

 



Net income

 

WA

 

 

 



attributable to

 

number

 

 

Per share

Year ended December 31, 2015

stockholders

 

of shares

 

 

amount

Basic

136,214 

 

107,075,845 

 

$

1.27 

Effect of dilutive securities:

 

 

 

 

 

 

Stock options

 -

 

356,629 

 

 

 -

Diluted

136,214 

 

107,432,474 

 

$

1.27 



In respect of PSUs awarded under the sign-on grant PSUs and the senior executive and employee PSU plans (described in note 28), 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 year ended December 31, 2017, nil PSUs to purchase common shares were outstanding but excluded from the calculation of diluted EPS attributable to stockholders as they were anti-dilutive (2016: 173,754; 2015: nil). For the year ended December 31, 2017, stock options to purchase 668,900 common shares were outstanding but excluded from the calculation of diluted EPS attributable to stockholders as they were anti-dilutive (2016: 752,197; 2015: 253,839).