ATU » Topics » Note 10. Earnings Per Share

This excerpt taken from the ATU 8-K filed Jun 22, 2009.

Note 10. Earnings Per Share

The reconciliations between basic and diluted earnings per share are as follows (in thousands, except per share amounts):

 

     Three Months Ended November 30,
     2008    2007

Numerator:

     

Net earnings

   $ 11,598    $ 27,427

Plus: 2% Convertible Notes financings costs, net of taxes

     611      611
             

Net earnings for diluted earnings per share

   $ 12,209    $ 28,038
             

Denominator (in thousands):

     

Weighted average common shares outstanding for basic earnings per share

     56,022      55,609

Net effect of dilutive securities-employee stock compensation plans

     856      1,528

Net effect of 2% Convertible Notes based on the if-converted method

     7,517      7,517
             

Weighted average common and equivalent shares outstanding for diluted earnings per share

     64,395      64,654
             

Basic Earnings Per Share:

   $ 0.21    $ 0.49

Diluted Earnings Per Share:

   $ 0.19    $ 0.43
This excerpt taken from the ATU 10-Q filed Jun 22, 2009.

Note 10. Earnings Per Share

The reconciliations between basic and diluted earnings per share are as follows (in thousands, except per share amounts):

 

     Three Months Ended May 31,    Nine Months Ended May
     2009     2008    2009     2008

Numerator:

         

Net Earnings (loss)

   $ (17,635 )   $ 38,635    $ (2,792 )   $ 88,301

Plus: 2% Convertible Notes financings costs, net of taxes

     —         611      —         1,833
                             

Net earnings (loss) for diluted earnings per share

   $ (17,635 )   $ 39,246    $ (2,792 )   $ 90,134
                             

Denominator:

         

Weighted average common shares outstanding for basic earnings (loss) per share

     56,252       55,874      56,148       55,766

Net effect of dilutive securities - equity based compensation plans

     —         1,554      —         1,487

Net effect of 2% Convertible Notes based on the if-converted method

     —         7,517      —         7,517
                             

Weighted average common and equivalent shares outstanding for diluted earnings (loss) per share

     56,252       64,945      56,148       64,770
                             

Basic Earnings (loss) Per Share:

   $ (0.31 )   $ 0.69    $ (0.05 )   $ 1.58

Diluted Earnings (loss) Per Share:

   $ (0.31 )   $ 0.60    $ (0.05 )   $ 1.39

Outstanding share-based awards to acquire 6.5 million and 5.9 million shares of common stock for the three months and nine months ended May 31, 2009 and the impact of the 2% Convertible Notes, on an if-converted basis, (incremental 7.5 million shares of common stock) were not included in the Company’s computation of earnings per share for the three and nine months ended May 31, 2009, because the effect would have been anti-dilutive.

This excerpt taken from the ATU 10-Q filed Apr 9, 2009.

Note 10. Earnings Per Share

The reconciliations between basic and diluted earnings per share are as follows (in thousands, except per share amounts):

 

     Three Months Ended    Six Months Ended
     February 28,
2009
   February 29,
2008
   February 28,
2009
   February 29,
2008

Numerator:

           

Net Earnings

   $ 3,244    $ 22,239    $ 14,842    $ 49,666

Plus: 2% Convertible Notes financings costs, net of taxes

     611      611      1,222      1,222
                           

Net earnings for diluted earnings per share

   $ 3,855    $ 22,850    $ 16,064    $ 50,888
                           

Denominator:

           

Weighted average common shares outstanding for basic earnings per share

     56,170      55,815      56,096      55,712

Net effect of dilutive securities - equity based compensation plans

     569      1,384      712      1,462

Net effect of 2% Convertible Notes based on the if-converted method

     7,517      7,517      7,517      7,517
                           

Weighted average common and equivalent shares outstanding for diluted earnings per share

     64,256      64,716      64,325      64,691
                           

Basic Earnings Per Share:

   $ 0.06    $ 0.40    $ 0.26    $ 0.89

Diluted Earnings Per Share:

   $ 0.06    $ 0.35    $ 0.25    $ 0.79

Outstanding share-based awards to acquire 4.0 million and 3.3 million shares of common stock for the three months and six months ended February 28, 2009 were not included in the Company’s computation of dilutive securities because the effect would have been anti-dilutive.

This excerpt taken from the ATU 10-Q filed Jan 8, 2009.

Note 10. Earnings Per Share

The reconciliations between basic and diluted earnings per share are as follows (in thousands, except per share amounts):

 

     Three Months Ended November 30,
     2008    2007

Numerator:

     

Net earnings

   $ 11,598    $ 27,427

Plus: 2% Convertible Notes financings costs, net of taxes

     611      611
             

Net earnings for diluted earnings per share

   $ 12,209    $ 28,038
             

Denominator (in thousands):

     

Weighted average common shares outstanding for basic earnings per share

     56,022      55,609

Net effect of dilutive securities-employee stock compensation plans

     856      1,528

Net effect of 2% Convertible Notes based on the if-converted method

     7,517      7,517
             

Weighted average common and equivalent shares outstanding for diluted earnings per share

     64,395      64,654
             

Basic Earnings Per Share:

   $ 0.21    $ 0.49

Diluted Earnings Per Share:

   $ 0.19    $ 0.43
This excerpt taken from the ATU 10-Q filed Jul 9, 2008.

Note 10. Earnings Per Share

The reconciliations between basic and diluted earnings per share are as follows:

 

     Three Months Ended    Nine Months Ended
     May 31,
2008
   May 31,
2007
   May 31,
2008
   May 31,
2007

Numerator:

           

Net Earnings

   $ 38,635    $ 29,582    $ 88,301    $ 73,600

Plus: 2% Convertible Notes financings costs, net of taxes

     611      611      1,833      1,833
                           

Net earnings for diluted earnings per share

   $ 39,246    $ 30,193    $ 90,134    $ 75,433
                           

Denominator (in thousands):

           

Weighted average common shares outstanding for basic earnings per share

     55,874      54,684      55,766      54,646

Net effect of dilutive stock options based on the treasury stock method using average market price

     1,554      1,420      1,487      1,343

Net effect of 2% Convertible Notes based on the if-converted method

     7,517      7,517      7,517      7,517
                           

Weighted average common and equivalent shares outstanding for diluted earnings per share

     64,945      63,621      64,770      63,506
                           

Basic Earnings Per Share:

   $ 0.69    $ 0.54    $ 1.58    $ 1.35
                           

Diluted Earnings Per Share:

   $ 0.60    $ 0.47    $ 1.39    $ 1.19
                           

 

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This excerpt taken from the ATU 10-Q filed Apr 8, 2008.

Note 10. Earnings Per Share

The reconciliations between basic and diluted earnings per share are as follows:

 

     Three Months Ended    Six Months Ended
     February 29,    February 28,    February 29,    February 28,
     2008    2007    2008    2007

Numerator:

           

Net Earnings

   $ 22,239    $ 18,919    $ 49,666    $ 44,021

Plus: 2% Convertible Notes financings costs, net of taxes

     611      611      1,222      1,222
                           

Net earnings for diluted earnings per share

   $ 22,850    $ 19,530    $ 50,888    $ 45,243
                           

Denominator (in thousands):

           

Weighted average common shares outstanding for basic earnings per share

     55,815      54,653      55,712      54,626

Net effect of dilutive stock options based on the treasury stock method using average market price

     1,384      1,310      1,462      1,315

Net effect of 2% Convertible Notes based on the if-converted method

     7,517      7,517      7,517      7,517
                           

Weighted average common and equivalent shares outstanding for diluted earnings per share

     64,716      63,480      64,691      63,458
                           

Basic Earnings Per Share:

   $ 0.40    $ 0.35    $ 0.89    $ 0.81
                           

Diluted Earnings Per Share:

   $ 0.35    $ 0.31    $ 0.79    $ 0.71
                           
These excerpts taken from the ATU 8-K filed Feb 28, 2008.

Note 10. Earnings Per Share

 

The reconciliations between basic and diluted earnings per share are as follows:

 

     Three Months Ended
November 30,
     2007    2006

Numerator:

     

Net Earnings

   $ 27,427    $ 25,102

Plus: 2% Convertible Notes financings costs, net of taxes

     611      611
             

Net earnings for diluted earnings per share

   $ 28,038    $ 25,713
             

Denominator (in thousands):

     

Weighted average common shares outstanding for basic earnings per share

     55,609      54,600

Net effect of dilutive stock options based on the treasury stock method using average market price

     1,528      1,317

Net effect of 2% Convertible Notes based on the if-converted method

     7,517      7,517
             

Weighted average common and equivalent shares outstanding for diluted earnings per share

     64,654      63,434
             

Basic Earnings Per Share:

   $ 0.49    $ 0.46
             

Diluted Earnings Per Share:

   $ 0.43    $ 0.41
             

 

Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per share.

 

     Year Ended August 31,
     2007    2006    2005

Numerator:

        

Net earnings

   $ 104,952    $ 92,588    $ 71,251

Plus: 2% Convertible Notes financings costs, net of taxes

     2,444      2,444      2,444
                    

Net earnings for diluted earnings per share

   $ 107,396    $ 95,032    $ 73,695
                    

Denominator (in thousands):

        

Weighted average common shares outstanding for basic earnings per share

     54,751      54,261      51,993

Net effect of dilutive stock options based on the treasury stock method using average market price

     1,360      1,423      1,375

Net effect of 2% Convertible Notes based on the if-converted method

     7,517      7,517      7,517
                    

Weighted average common and equivalent shares outstanding for diluted earnings per share

     63,628      63,201      60,885
                    

Basic Earnings Per Share:

   $ 1.92    $ 1.71    $ 1.37
                    

Diluted Earnings Per Share:

   $ 1.69    $ 1.50    $ 1.21
                    

 

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ACTUANT CORPORATION

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

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