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Income Per Share
 9 Months Ended
Sep. 30, 2019
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, 2019

 

 

September 30, 2018

 

 

September 30, 2019

 

 

September 30, 2018

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before discontinued operations

$

 (290)

 

$

 2,202 

 

$

 (2,831)

 

$

 5,549 

Loss on disposal of discontinued operations (Note 3)

 

 -

 

 

 -

 

 

 (1,116)

 

 

 -

Loss from discontinued operations, net of income taxes (Note 3)

 

 -

 

 

 (299)

 

 

 (597)

 

 

 (870)

Net income (loss)

$

 (290)

 

$

 1,903 

 

$

 (4,544)

 

$

 4,679 



 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Basic – weighted shares outstanding

 

 8,764 

 

 

 7,825 

 

 

 8,738 

 

 

 7,249 

Weighted shares assumed upon exercise of stock awards

 

 -

 

 

 997 

 

 

 -

 

 

 1,111 

Diluted – weighted shares outstanding

 

 8,764 

 

 

 8,822 

 

 

 8,738 

 

 

 8,360 



 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

 (0.03)

 

$

 0.28 

 

$

 (0.32)

 

$

 0.77 

Discontinued operations

 

 -

 

 

 (0.04)

 

 

 (0.20)

 

 

 (0.12)

Net income (loss) per share:

$

 (0.03)

 

$

 0.24 

 

$

 (0.52)

 

$

 0.65 



 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

 (0.03)

 

$

 0.25 

 

$

 (0.32)

 

$

 0.66 

Discontinued operations

 

 -

 

 

 (0.03)

 

 

 (0.20)

 

 

 (0.10)

Net income (loss) per share:

$

 (0.03)

 

$

 0.22 

 

$

 (0.52)

 

$

 0.56 





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 options. 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. Shares represented by RSUs are also included in the dilution calculation. Individual components of basic and diluted income per share may not sum to the total income per share due to rounding.



For the three and nine months ended September 30, 2019, weighted average options and RSU’s outstanding of 755 and 125, and 778 and 125 were excluded from the dilutive calculation, respectively, as their effect would have been antidilutive based on losses in the period.