EX-11.A 8 d651857dex11a.htm EX-11.A EX-11.A

Exhibit 11(a)

Lamar Advertising Company and Subsidiaries Earnings Per Share Computation Information

Years ended December 31, 2013, 2012 and 2011

 

     Year Ended
December 31,
2013
     Year Ended
December 31,
2012
     Year Ended
December 31,
2011
 

Net income applicable to common stock

   $ 39,774,000       $ 7,525,000       $ 6,493,000   

Weighted average common shares outstanding

     94,387,230         93,379,246         92,851,067   

Shares issuable upon exercise of stock options

     358,285         287,395         322,718   

Incremental shares of convertible debt

     —           —           —     

Weighted average common shares and common equivalents outstanding

     94,745,515         93,666,641         93,173,785   

Net income per common share basic and diluted

   $ 0.42       $ 0.08       $ 0.07   

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, 2013, 2012 and 2011 because it produces an antidilutive result. The following information is disclosed for purposes of calculating antidilutive EPS for that period.

 

     Year Ended
December 31,
2013
     Year Ended
December 31,
2012
     Year Ended
December 31,
2011
 

Net income applicable to common stock

   $ 39,774,000       $ 7,525,000       $ 6,493,000   

Income impact of assumed conversions

     —           —           —     

Income available to common shareholders plus assumed conversion

   $ 39,774,000       $ 7,525,000       $ 6,493,000   

Weighted average common shares outstanding

     94,387,230         93,379,246         92,851,067   

Shares issuable upon exercise of stock options

     358,285         287,395         322,718   

Incremental shares from convertible debt

     —           —           —     

Weighted average common shares plus dilutive potential common shares

     94,745,515         93,666,641         93,173,785   

Net income per common share

   $ 0.42       $ 0.08       $ 0.07