EX-11.A 17 d446463dex11a.htm EX-11.A EX-11.A

EXHIBIT 11(a)

Lamar Advertising Company and Subsidiaries Earnings Per Share Computation Information

Years ended December 31, 2012, 2011 and 2010

 

     Year Ended
December 31,
2012
     Year Ended
December 31,
2011
     Year Ended
December 31,
2010
 

Net income (loss) applicable to common stock

   $ 9,456,000       $ 8,185,000       $ (40,467,000

Weighted average common shares outstanding

     93,379,246         92,851,067         92,261,157   

Shares issuable upon exercise of stock options

     287,395         322,718         —     

Incremental shares of convertible debt

     —           —           —     
  

 

 

    

 

 

    

 

 

 

Weighted average common shares and common equivalents outstanding

     93,666,641         93,173,785         92,261,157   
  

 

 

    

 

 

    

 

 

 

Net income (loss) per common share basic and diluted

   $ 0.10       $ 0.09       $ (0.44
  

 

 

    

 

 

    

 

 

 

The above earnings per share (EPS) calculations are submitted in accordance with Statement of Financial Accounting Standards No. 128. An EPS calculation in accordance with Regulation S-K item 601 (b) (11) is not shown above for the years ended December 31, 2012, 2011 and 2010 because it produces an antidilutive result. The following information is disclosed for purposes of calculating antidilutive EPS for that period.

 

     Year Ended
December 31,
2012
     Year Ended
December 31,
2011
     Year Ended
December 31,
2010
 

Net income (loss) applicable to common stock

   $ 9,456,000       $ 8,185,000       $ (40,467,000

Income impact of assumed conversions

     —           —           49,477   
  

 

 

    

 

 

    

 

 

 

Income (loss) available to common shareholders plus assumed conversion

   $ 9,456,000       $ 8,185,000       $ (40,417,523
  

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding

     93,379,246         92,851,067         92,261,157   

Shares issuable upon exercise of stock options

     287,395         322,718         412,493   

Incremental shares from convertible debt

     —           —           53,327   
  

 

 

    

 

 

    

 

 

 

Weighted average common shares plus dilutive potential common shares

     93,666,641         93,173,785         92,726,977   
  

 

 

    

 

 

    

 

 

 

Net income (loss) per common share

   $ 0.10       $ 0.09       $ (0.44