ABII » Topics » (2) Earnings Per Share Information

This excerpt taken from the ABII 10-Q filed May 8, 2009.

(2) Earnings Per Share Information

Basic (loss) income per common share is computed by dividing net (loss) income attributable to common shareholders by the weighted-average number of common shares outstanding during the reporting period. Diluted (loss) income per common share is computed by dividing net (loss) income attributable to common shareholders by the weighted-average number of common shares used for the basic calculations plus the weighted average dilutive shares, unless the impact of including the dilutive shares are anti-dilutive. Calculations of basic and diluted loss per common share information are based on the following (in thousands, except per share data):

 

     Three Months Ended
March 31,
     2009     2008

Basic and dilutive numerator:

    

Net (loss) income attributable to common shareholders

   $ (22,921 )   $ 4,309
              

Denominator:

    

Weighted average common shares outstanding—basic

     40,081       39,997

Net effect of weighted average dilutive stock options and restricted stock awards

     —         199
              

Weighted average common shares outstanding—diluted

     40,081       40,196
              

Net (loss) income per common share—basic

   $ (0.57 )   $ 0.11
              

Net (loss) income per common share—diluted

   $ (0.57 )   $ 0.11
              

Potentially dilutive shares not included

     271       —  
              
This excerpt taken from the ABII 10-Q filed Nov 14, 2008.

(2) Earnings Per Share Information

Basic loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. Diluted loss per common share is computed by dividing net loss by the weighted-average number of common shares used for the basic calculations plus any potentially dilutive shares for the portion of the year that the shares were outstanding, unless the impact is anti-dilutive. For the three and nine months ended September 30, 2007, basic and diluted loss per share were computed using the number of shares of our common stock outstanding after the separation on November 13, 2007. All potentially dilutive employee stock awards were excluded from the computation of diluted loss per common share for all periods, as the effect on net loss per share was anti-dilutive. Calculations of basic and diluted loss per common share information are based on the following:

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2008     2007     2008     2007  
     (in thousands, except per share data)  

Basic and dilutive numerator:

        

Net loss

   $ (15,059 )   $ (16,772 )   $ (94,893 )   $ (36,414 )
                                

Denominator:

        

Weighted average common shares outstanding—basic and diluted

     40,048       39,990       40,021       39,990  
                                

Net loss per common share—basic and diluted

   $ (0.38 )   $ (0.42 )   $ (2.37 )   $ (0.91 )
                                

Potentially dilutive shares not included

     261       —         226       —    
                                
This excerpt taken from the ABII 10-Q filed Aug 14, 2008.

(2) Earnings Per Share Information

Basic loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. Diluted loss per common share is computed by dividing net loss by the weighted-average number of common shares used for the basic calculations plus any potentially dilutive shares for the portion of the year that the shares were outstanding, unless the impact is anti-dilutive. For the three and six months ended June 30, 2007, basic and diluted loss per share were computed using the number of shares of our common stock outstanding after the

 

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separation on November 13, 2007. All potentially dilutive employee stock awards were excluded from the computation of diluted loss per common share for all periods, as the effect on net loss per share was anti-dilutive. Calculations of basic and diluted loss per common share information are based on the following:

 

     Three Months Ended
June 30,
    Six Months Ended
June 30,
 
     2008     2007     2008     2007  
     (in thousands, except per share data)  

Basic and dilutive numerator:

        

Net loss

   $ (84,143 )   $ (13,971 )   $ (79,834 )   $ (19,642 )
                                

Denominator:

        

Weighted average common shares outstanding—basic and diluted

     40,018       39,990       40,007       39,990  
                                

Net loss per common share—basic and diluted

   $ (2.10 )   $ (0.35 )   $ (2.00 )   $ (0.49 )
                                

Potentially dilutive shares not included

     199       —         190       —    
                                
This excerpt taken from the ABII 10-Q filed May 15, 2008.

(2) Earnings Per Share Information

Basic income (loss) per common share is computed by dividing net income or loss by the weighted-average number of common shares outstanding during the reporting period. Diluted income (loss) per common share is computed by dividing net income or loss by the weighted-average number of common shares used for the basic calculations plus any potentially dilutive shares for the portion of the year that the shares were outstanding, unless the impact is anti-dilutive. For the three months ended March 31, 2007, basic and diluted income (loss) per share were computed using the number of shares of our common stock outstanding after the separation on November 13, 2007. Any potentially dilutive employee stock awards were excluded from the computation of diluted loss per common share for March 31, 2007, as the effect on net loss per share was anti-dilutive. Calculations of basic and diluted income per common share information are based on the following:

 

     Three Months Ended
March 31,
 
     2008    2007  
     (in thousands, except per
share data)
 

Basic and dilutive numerator:

     

Net income (loss)

   $ 4,309    $ (5,671 )
               

Denominator:

     

Weighted average common shares outstanding—basic

     39,997      39,990  

Net effect of dilutive stock options and restricted stock awards

     199      —    
               

Weighted average common shares outstanding—diluted

     40,196      39,990  
               

Net income (loss) per common share—basic

   $ 0.11    $ (0.14 )
               

Net income (loss) per common share—diluted

   $ 0.11    $ (0.14 )
               
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