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Earnings per Share
6 Months Ended
Jun. 30, 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
June 30,
    Six Months Ended
June 30,
 
    2012     2011     2012     2011  

Basic Earnings Per Share computation:

                               

Numerator:

                               

Net loss

  ($ 137   ($ 215   ($ 1,248   ($ 560

Net loss attributable to noncontrolling interests

    (334     (240     (687     (467
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to PCTEL, Inc .

  $ 197     $ 25     ($ 561   ($ 93

Less: adjustments to redemption value of noncontrolling interests

    (526     (93     (648     (656
   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss available to common shareholders

  ($ 329   ($ 68   ($ 1,209   ($ 749
         

Denominator:

                               

Common shares outstanding

    17,404       17,355       17,317       17,259  
         

Earnings per common share - basic

                               
   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss available to common shareholders

  ($ 0.02   ($ 0.00   ($ 0.07   ($ 0.04
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted Earnings Per Share computation:

                               

Numerator:

                               

Net loss

  ($ 137   ($ 215   ($ 1,248   ($ 560

Net loss attributable to noncontrolling interests

    (334     (240     (687     (467
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to PCTEL, Inc .

  $ 197     $ 25     ($ 561   ($ 93

Less: adjustments to redemption value of noncontrolling interests

    (526     (93     (648     (656
   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss available to common shareholders

  ($ 329   ($ 68   ($ 1,209   ($ 749
         

Denominator:

                               

Common shares outstanding

    17,404       17,355       17,317       17,259  

Restricted shares and performance shares subject to vesting

    *       *       *       *  

Common stock option grants

    *       *       *       *  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total shares

    17,404       17,355       17,317       17,259  
         

Earnings per common share - diluted

                               
   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss available to common shareholders

  ($ 0.02   ($ 0.00   ($ 0.07   ($ 0.04
   

 

 

   

 

 

   

 

 

   

 

 

 

 

* As denoted by “*” in the table above, the weighted average common stock option grants, performance shares and restricted shares of 229,000 and 389,000 for the three and six months ended June 30, 2012, and 418,000 and 454,000 for the three and six months ended June 30, 2011, respectively, were excluded from the calculations of diluted net loss per share since their effects are anti-dilutive.