Earnings per Share

9 Months Ended

Sep. 30, 2018

Note 11 –

Earnings per Share

Diluted EPS assumes the dilutive effect of outstanding common stock warrants, UPOs and RSUs, all using the treasury stock method, and the dilutive effect of the Class A Preferred Stock, using the “if-converted” method.

	Three months ended September 30,						Nine months ended September 30,
(in thousands, except per share amounts)	2018			2017			2018			2017
EPS numerator:
Net income (loss)	$	(3,505	)	$	128		$	(5,219	)	$	(417	)
Less: Premium paid on redemption of redeemable convertible preferred stock		-			847			2,219			847
Less: Undistributed preferred stock dividends		-			149			(113	)		631
Net loss attributable to Limbach Holdings, Inc. common stockholders	$	(3,505	)	$	(868	)	$	(7,325	)	$	(1,895	)

EPS denominator:
Weighted average shares outstanding – basic		7,575			7,472			7,553			7,460
Impact of dilutive securities		-			-			-			-
Weighted average shares outstanding – diluted		7,575			7,472			7,553			7,460

Basic EPS attributable to common stockholders:
Net loss attributable to Limbach Holdings, Inc. common stockholders	$	(0.46	)	$	(0.12	)	$	(0.97	)	$	(0.25	)
Diluted EPS attributable to common stockholders:
Net loss attributable to Limbach Holdings, Inc. common stockholders	$	(0.46	)	$	(0.12	)	$	(0.97	)	$	(0.25	)

The following table summarizes the securities that were

antidilutive or out-of-the-money, and t

herefore, were not included in the computations of diluted loss per common share:

	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Warrants (See Note 8)		630,645		345,013		299,795		459,978
Class A Preferred Stock (See Note 9)		-		593,913		22,564		730,549
Stock-based compensation (See Note 17)		60,914		5,738		56,331		1,934
UPOs (See Note 8)		1,816		4,886		3,279		5,581
Total		693,375		949,550		381,969		1,198,042