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Earnings per Share
3 Months Ended
Mar. 31, 2012
Earnings per Share [Abstract]  
Earnings per Share

3. Earnings per Share

The following table is the computation of basic and diluted earnings per share:

 

                 
    Three Months Ended  
    March 31,  
    2012     2011  

Basic Earnings Per Share computation:

               

Numerator:

               

Net loss

  $ (1,111   $ (345

Net loss attributable to noncontrolling interests

    (353     (226
   

 

 

   

 

 

 

Net loss attributable to PCTEL, Inc.

  $ (758   $ (119

Less: adjustments to redemption value of noncontrolling interests

    (122     (563
   

 

 

   

 

 

 

Net loss available to common shareholders

  $ (880   $ (682
     

Denominator:

               

Common shares outstanding

    17,264       17,199  
     

Earnings per common share — basic

               
   

 

 

   

 

 

 

Net loss available to common shareholders

  $ (0.05   $ (0.04
   

 

 

   

 

 

 
     

Diluted Earnings Per Share computation:

               

Numerator:

               

Net loss

  $ (1,111   $ (345

Net loss attributable to noncontrolling interests

    (353     (226
   

 

 

   

 

 

 

Net loss attributable to PCTEL, Inc.

  $ (758   $ (119

Less: adjustments to redemption value of noncontrolling interests

    (122     (563
   

 

 

   

 

 

 

Net loss available to commons shareholders

  $ (880   $ (682
     

Denominator:

               

Common shares outstanding

    17,264       17,199  

Restricted shares and performance shares subject to vesting

    *       *  

Common stock option grants

    *       *  
   

 

 

   

 

 

 

Total shares

    17,264       17,199  
     

Earnings per common share — diluted

               
   

 

 

   

 

 

 

Net loss available to common shareholders

  $ (0.05   $ (0.04
   

 

 

   

 

 

 

 

* As denoted by “*” in the table above, the weighted average common stock option grants, performance shares and restricted shares of 421,000 for the three months ended March 31, 2012, and 474,000 for the three months ended March 31, 2011, respectively, were excluded from the calculations of diluted net loss per share since their effects are anti-dilutive.