XML 57 R19.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
 6 Months Ended
Feb. 28, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Our outstanding shares consist of Apollo Class A and Class B common stock. Our Articles of Incorporation treat the declaration of dividends on the Class A and Class B common stock in an identical manner. As such, both the Class A and Class B common stock are included in the calculation of our earnings per share.
Diluted weighted average shares outstanding includes the incremental effect of shares that would be issued upon the assumed exercise of stock options and the vesting and release of restricted stock units and performance share awards. The components of basic and diluted earnings per share are as follows:
 
Three Months Ended
February 28,
 
Six Months Ended
February 28,
(In thousands, except per share data)
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net (loss) income attributable to Apollo (basic and diluted)
$
(33,610
)
 
$
14,605

 
$
175

 
$
113,496

Denominator:
 
 
 
 
 
 
 
Basic weighted average shares outstanding
108,166

 
112,151

 
108,375

 
112,742

Dilutive effect of restricted stock units and performance share awards(1)
—

 
1,070

 
759

 
838

Dilutive effect of stock options(1)
—

 
159

 
203

 
96

Diluted weighted average shares outstanding
108,166

 
113,380

 
109,337

 
113,676

Basic (loss) income per share attributable to Apollo
$
(0.31
)
 
$
0.13

 
$
—

 
$
1.01

Diluted (loss) income per share attributable to Apollo
$
(0.31
)
 
$
0.13

 
$
—

 
$
1.00

 
 
 
 
 
 
 
 
Anti-dilutive securities excluded from diluted (loss) income per share:
 
 
 
 
 
 
 
Anti-dilutive restricted stock units and performance share awards outstanding(1)
929

 
9

 
11

 
842

Anti-dilutive stock options outstanding(1)
2,572

 
2,628

 
2,411

 
3,079


(1) Due to the loss from continuing operations attributable to Apollo during the three months ended February 28, 2015, no dilutive share-based awards were included in the calculation of diluted loss per share for the respective period because they would have been anti-dilutive.