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Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2017
Income (Loss) Per Share [Abstract]  
Income (Loss) Per Share

10.  Income (Loss) Per Share



The following table presents a reconciliation between basic and diluted earnings per share:





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Nine Months Ended



 

September 30, 2017

 

 

September 30, 2016

 

 

September 30, 2017

 

 

September 30, 2016

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before discontinued operations

$

 917 

 

$

 (1,145)

 

$

 651 

 

$

 (2,126)

Loss on sale of discontinued operations

 

 -

 

 

 -

 

 

 (164)

 

 

 -

Loss from discontinued operations, net of income taxes

 

 -

 

 

 (194)

 

 

 (128)

 

 

 (759)



 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 917 

 

 

 (1,339)

 

 

 359 

 

 

 (2,885)



 

 

 

 

 

 

 

 

 

 

 

Less: loss allocated to non-controlling interest

 

 (186)

 

 

 (35)

 

 

 (925)

 

 

 (106)



 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to shareholders

$

 1,103 

 

$

 (1,304)

 

$

 1,284 

 

$

 (2,779)



 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Basic – weighted shares outstanding

 

 6,853 

 

 

 6,796 

 

 

 6,836 

 

 

 6,287 

Weighted shares assumed upon exercise of stock options

 

 398 

 

 

 -

 

 

 343 

 

 

 -

Diluted – weighted shares outstanding

 

 7,251 

 

 

 6,796 

 

 

 7,179 

 

 

 6,287 



 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share attributable to IntriCon shareholders:

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

 0.16 

 

$

 (0.16)

 

$

 0.23 

 

$

 (0.32)

Discontinued operations

 

 -

 

 

 (0.03)

 

 

 (0.04)

 

 

 (0.12)

Net income (loss) per share:

$

 0.16 

 

$

 (0.19)

 

$

 0.19 

 

$

 (0.44)



 

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per share attributable to IntriCon shareholders:

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

 0.15 

 

$

 (0.16)

 

$

 0.22 

 

 

 (0.32)

Discontinued operations

 

 -

 

 

 (0.03)

 

 

 (0.04)

 

 

 (0.12)

Net income (loss) per share:

$

 0.15 

 

$

 (0.19)

 

$

 0.18 

 

$

 (0.44)









The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive option securities granted. Earnings per common share was based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock method when computing the diluted earnings per share. Individual components of basic and diluted income (loss) per share may not sum to the total income (loss) per share due to rounding.



Excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2016 were outstanding in the money options to purchase approximately 73 and 161 common shares, respectively, because the effect would have been anti-dilutive due to the Company’s net loss in the period.