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Earnings Per Share
12 Months Ended
Dec. 30, 2013
Earnings Per Share
(21) Earnings Per Share

The following is a reconciliation of the numerator and denominator used to calculate basic earnings (loss) per share and diluted earnings (loss) per share for the years ended 2013, 2012 and 2011:

 

     For the Year Ended  
     2013      2012     2011  
     (In thousands, except per share
amounts)
 

Net income (loss) attributable to TTM Technologies, Inc. stockholders

   $ 21,877       $ (174,595   $ 41,868   
  

 

 

    

 

 

   

 

 

 

Weighted average shares outstanding

     82,506         81,800        81,176   

Dilutive effect of performance-based stock units, restricted stock units and stock options

     626                768   
  

 

 

    

 

 

   

 

 

 

Diluted shares

     83,132         81,800        81,944   
  

 

 

    

 

 

   

 

 

 

Earnings (loss) per share attributable to TTM Technologies, Inc. stockholders:

       

Basic

   $ 0.27       $ (2.13   $ 0.52   
  

 

 

    

 

 

   

 

 

 

Diluted

   $ 0.26       $ (2.13   $ 0.51   
  

 

 

    

 

 

   

 

 

 

For the year ended December 30, 2013 and December 31, 2011, performance-based stock units, restricted stock units and stock options to purchase 1,751 and 863 shares of common stock, respectively, were not considered in calculating diluted earnings per share because the options’ exercise prices or the total expected proceeds under the treasury stock method for performance-based stock units, restricted stock units or stock options was greater than the average market price of common shares during the year and, therefore, the effect would be anti-dilutive.

For the year ended December 31, 2012, potential shares of common stock, consisting of stock options to purchase approximately 1,151 shares of common stock at exercise prices ranging from $4.69 to $16.82 per share, 1,362 restricted stock units, and 267 performance-based restricted stock units were not included in the computation of diluted earnings per share because the Company incurred a net loss from operations and, as a result, the impact would be anti-dilutive.

Additionally, for the years ended December 30, 2013, December 31, 2012 and December 31, 2011 the effect of 25,265, 10,963 and 10,963, shares of common stock, respectively, related to the Company’s convertible senior notes, were not included in the computation of dilutive earnings per share because the conversion price of the convertible senior notes and the strike price of the warrants to purchase the Company’s common stock were greater than the average market price of common shares during the year, and therefore, the effect would be anti-dilutive.