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Income Per Share
 9 Months Ended
Sep. 30, 2018
Income Per Share [Abstract]  
Income Per Share

14. Income Per Share



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





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Nine Months Ended



 

September 30, 2018

 

 

September 30, 2017 (as adjusted)

 

 

September 30, 2018

 

 

September 30, 2017 (as adjusted)

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before discontinued operations

$

 1,903 

 

$

 1,079 

 

$

 4,679 

 

$

 1,029 

Loss on sale of discontinued operations

 

 -

 

 

 -

 

 

 -

 

 

 (164)

Loss from discontinued operations, net of income taxes

 

 -

 

 

 -

 

 

 -

 

 

 (128)



 

 

 

 

 

 

 

 

 

 

 

Net income

 

 1,903 

 

 

 1,079 

 

 

 4,679 

 

 

 737 



 

 

 

 

 

 

 

 

 

 

 

Less: loss allocated to non-controlling interest

 

 -

 

 

 (186)

 

 

 -

 

 

 (925)



 

 

 

 

 

 

 

 

 

 

 

Net income attributable to shareholders

$

 1,903 

 

$

 1,265 

 

$

 4,679 

 

$

 1,662 



 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Basic – weighted shares outstanding

 

 7,825 

 

 

 6,853 

 

 

 7,249 

 

 

 6,836 

Weighted shares assumed upon exercise of stock options

 

 997 

 

 

 398 

 

 

 1,111 

 

 

 343 

Diluted – weighted shares outstanding

 

 8,822 

 

 

 7,251 

 

 

 8,360 

 

 

 7,179 



 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

 0.24 

 

$

 0.18 

 

$

 0.65 

 

$

 0.29 

Discontinued operations

 

 -

 

 

 -

 

 

 -

 

 

 (0.04)

Net income per share:

$

 0.24 

 

$

 0.18 

 

$

 0.65 

 

$

 0.24 



 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

 0.22 

 

$

 0.17 

 

$

 0.56 

 

 

 0.27 

Discontinued operations

 

 -

 

 

 -

 

 

 -

 

 

 (0.04)

Net income per share:

$

 0.22 

 

$

 0.17 

 

$

 0.56 

 

$

 0.23 









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 and RSU 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.



No options were excluded from the dilutive calculation for the three and nine months ended September 30, 2018 and September 30, 2017.