| Earnings (loss) and Dividends per Share |
|
9. |
Earnings (loss) and Dividends per Share |
The computational components of basic and diluted earnings (loss) per share for the three-month and nine-month periods ended September 30, 2018 and 2017 are below.
|
|
|
For the Three Months Ended September 30, 2018 |
|
|
|
|
Numerator
(Loss) |
|
|
Denominator
(Shares) |
|
|
Per Share
Amount |
|
|
Basic net loss and loss per share |
|
$ |
(12,915 |
) |
|
|
34,779 |
|
|
$ |
(0.37 |
) |
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock equivalents arising from stock options,
restricted stock awards, and employee stock purchase plan |
|
|
|
|
|
|
— |
|
|
|
|
|
|
Diluted loss and loss per share |
|
$ |
(12,915 |
) |
|
|
34,779 |
|
|
$ |
(0.37 |
) |
|
|
|
For the Three Months Ended September 30, 2017 |
|
|
|
|
Numerator
(Income) |
|
|
Denominator
(Shares) |
|
|
Per Share
Amount |
|
|
Basic net income and earnings per share |
|
$ |
3,036 |
|
|
|
34,519 |
|
|
$ |
0.09 |
|
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock equivalents arising from stock options, restricted stock awards, and employee stock purchase plan |
|
|
|
|
|
|
103 |
|
|
|
|
|
|
Diluted earnings and earnings per share |
|
$ |
3,036 |
|
|
|
34,622 |
|
|
$ |
0.09 |
|
|
|
|
For the Nine Months Ended September 30, 2018 |
|
|
|
|
Numerator
(Loss) |
|
|
Denominator
(Shares) |
|
|
Per Share
Amount |
|
|
Basic net loss and loss per share |
|
$ |
(8,053 |
) |
|
|
34,681 |
|
|
$ |
(0.23 |
) |
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock equivalents arising from stock options, restricted stock awards, and employee stock purchase plan |
|
|
|
|
|
|
— |
|
|
|
|
|
|
Diluted loss and loss per share |
|
$ |
(8,053 |
) |
|
|
34,681 |
|
|
$ |
(0.23 |
) |
|
|
|
For the Nine Months Ended September 30, 2017 |
|
|
|
|
Numerator
(Income) |
|
|
Denominator
(Shares) |
|
|
Per Share
Amount |
|
|
Basic net income and earnings per share |
|
$ |
8,560 |
|
|
|
34,404 |
|
|
$ |
0.25 |
|
|
Effect of dilutive securities and notes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock equivalents arising from stock
options, restricted stock awards, and employee
stock purchase plan |
|
|
|
|
|
|
261 |
|
|
|
|
|
|
Diluted earnings and earnings per share |
|
$ |
8,560 |
|
|
|
34,665 |
|
|
$ |
0.25 |
|
Options, restricted stock units and warrants included in the computation of diluted earnings per share are calculated using the treasury stock method. For the three-month periods ended September 30, 2018 and 2017, 0.9 million and 0.8 million, and during the nine-month periods ended September 30, 2018 and 2017, 0.8 million and 0.7 million, respectively, of outstanding options and warrants were excluded from the computation of diluted earnings per share due to their having an anti-dilutive effect.
Once a restricted stock unit vests, it is included in the computation of weighted average shares outstanding for purposes of basic and diluted earnings per share.
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