ADPI » Topics » (8) Earnings Per Share

These excerpts taken from the ADPI 10-K filed Mar 12, 2010.

Earnings per Share

Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options using the “treasury stock” method. The computation of diluted earnings per share does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on earnings.

(14) Earnings Per Share

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the years ended December 31 (in thousands, except per share amounts):

 

     2009    2008    2007  

Basic Earnings (Losses) Per Share:

        

Net earnings (losses) available to common stockholders

   $ 7,729    $ 30,118    $ (7,716
                      

Weighted average common shares outstanding

     13,946      12,876      12,681   
                      

Net earnings (losses) per share

   $ 0.55    $ 2.34    $ (0.61
                      

Diluted Earnings (Losses) Per Share:

        

Net earnings (losses) available to common stockholders

     7,729      30,118    $ (7,716
                      

Weighted average common shares outstanding

     13,946      12,876      12,681   

Add: Dilutive effect of options (1)

     209      274      -   
                      

Weighted average common shares as adjusted

     14,155      13,150      12,681   
                      

Net earnings (losses) per share

   $ 0.55    $ 2.29    $ (0.61
                      

(1) 489,651, 793,662 and 631,247 options were excluded from the compensation of diluted net earnings per share for the twelve months ended December 31, 2009, 2008 and 2007, respectively, due to their antidilutive effect.

 

 

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AMERICAN DENTAL PARTNERS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

For the Years Ended December 31, 2009, 2008 and 2007

 

These excerpts taken from the ADPI 10-K filed Mar 16, 2009.

Earnings per Share

Earnings per share are computed based on SFAS No. 128 “Earnings per Share.” SFAS No. 128 requires presentation of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”) by all

 

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AMERICAN DENTAL PARTNERS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

For the Years Ended December 31, 2008, 2007 and 2006

(2) Summary of Significant Accounting Policies – (Continued)

 

entities that have publicly traded common stock or potential common stock (options, warrants, convertible securities or contingent stock arrangements). Basic EPS is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. The computation of Diluted EPS does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on earnings.

(13) Earnings Per Share

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the years ended December 31 (in thousands, except per share amounts):

 

     2008    2007     2006

Basic Earnings (Losses) Per Share:

       

Net earnings (losses) available to common stockholders

   $ 30,118    $ (7,716 )   $ 11,134
                     

Weighted average common shares outstanding

     12,876      12,681       12,301
                     

Net earnings (losses) per share

   $ 2.34    $ (0.61 )   $ 0.91
                     

Diluted Earnings (Losses) Per Share:

       

Net earnings (losses) available to common stockholders

     30,118    $ (7,716 )   $ 11,134
                     

Weighted average common shares outstanding

     12,876      12,681       12,301

Add: Dilutive effect of options (1)

     274      -       615
                     

Weighted average common shares as adjusted

     13,150      12,681       12,916
                     

Net earnings (losses) per share

   $ 2.29    $ (0.61 )   $ 0.86
                     

(1) In 2008, 793,662 options were excluded from the computation of diluted earnings per share due to their antidilutive effect.

In 2007, the dilutive effect of 631,247 shares were excluded as the Company had a loss from continuing operations pursuant to SFAS 128 “Earnings per Share.” In 2006, 461,865 options were excluded from the computation of diluted earnings per share due to their antidilutive effect.

 

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AMERICAN DENTAL PARTNERS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

For the Years Ended December 31, 2008, 2007 and 2006

 

This excerpt taken from the ADPI 10-Q filed Nov 7, 2008.

(10) Earnings Per Share

Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options using the “treasury stock” method. The computation of diluted earnings per share does not include the effect of outstanding stock options that would be antidilutive.

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computation for the three and nine months ended September 30, 2008 and 2007 (in thousands):

 

     Three Months Ended
September 30,
   Nine Months Ended
September 30,
     2008    2007    2008    2007

Basic Earnings Per Share:

           

Net earnings available to common stockholders

   $ 3,310    $ 2,701    $ 28,808    $ 11,108
                           

Weighted average common shares outstanding

     12,900      12,779      12,867      12,636
                           

Net earnings per share, basic

   $ 0.26    $ 0.21    $ 2.24    $ 0.88
                           

Diluted Earnings Per Share:

           

Net earnings available to common stockholders

   $ 3,310    $ 2,701    $ 28,808    $ 11,108
                           

Weighted average common shares outstanding

     12,900      12,779      12,867      12,636

Add: Dilutive effect of options (1)

     330      616      300      631
                           

Weighted average common shares as adjusted

     13,230      13,395      13,167      13,267
                           

Net earnings per share, diluted

   $ 0.25    $ 0.20    $ 2.19    $ 0.84
                           

 

(1) 782,430 and 234,204 options were excluded for the three months ended September 30, 2008 and 2007, respectively, due to their antidilutive effect. 797,531 and 203,361 options were excluded for the six months ended September 30, 2008 and 2007, respectively, due to their antidilutive effect.
This excerpt taken from the ADPI 10-Q filed Aug 8, 2008.

(10) Earnings Per Share

Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options using the “treasury stock” method. The computation of diluted earnings per share does not include the effect of outstanding stock options that would be antidilutive.

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computation for the three and six months ended June 30, 2008 and 2007 (in thousands):

 

     Three Months Ended
June 30,
   Six Months Ended
June 30,
   2008    2007    2008    2007

Basic Earnings Per Share:

           

Net earnings available to common stockholders

   $ 3,973    $ 4,528    $ 25,498    $ 8,407
                           

Weighted average common shares outstanding

     12,862      12,669      12,850      12,563
                           

Net earnings per share

   $ 0.31    $ 0.36    $ 1.98    $ 0.67
                           

Diluted Earnings Per Share:

           

Net earnings available to common stockholders

   $ 3,973    $ 4,528    $ 25,498    $ 8,407
                           

Weighted average common shares outstanding

     12,862      12,669      12,850      12,563

Add: Dilutive effect of options (1)

     255      633      256      640
                           

Weighted average common shares as adjusted

     13,117      13,302      13,106      13,203
                           

Net earnings per share

   $ 0.30    $ 0.34    $ 1.95    $ 0.64
                           

 

(1) 811,786 and 233,991 options were excluded for the three months ended June 30, 2008 and 2007, respectively, due to their antidilutive effect. 805,165 and 182,703 options were excluded for the six months ended June 30, 2008 and 2007, respectively, due to their antidilutive effect.
This excerpt taken from the ADPI 10-Q filed May 12, 2008.

(10) Earnings Per Share

Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options using the “treasury stock” method. The computation of diluted earnings per share does not include the effect of outstanding stock options that would be antidilutive.

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computation for the three months ended March 31, 2008 and 2007 (in thousands):

 

     Three Months Ended
March 31,
     2008    2007

Basic Earnings Per Share:

     

Net earnings available to common stockholders

   $ 21,525    $ 3,879
             

Weighted average common shares outstanding

     12,839      12,456
             

Net earnings per share

   $ 1.68    $ 0.31
             

Diluted Earnings Per Share:

     

Net earnings available to common stockholders

   $ 21,525    $ 3,879
             

Weighted average common shares outstanding

     12,839      12,456

Add: Dilutive effect of options (1)

     245      689
             

Weighted average common shares as adjusted

     13,084      13,145
             

Net earnings per share

   $ 1.65    $ 0.30
             

 

(1) 798,543 and 120,733 options were excluded for the three months ended March 31, 2008 and 2007, respectively, due to their antidilutive effect.

 

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AMERICAN DENTAL PARTNERS, INC.

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued)

(unaudited)

 

These excerpts taken from the ADPI 10-K filed Mar 10, 2008.

Earnings per Share

SIZE="2">Earnings per share are computed based on SFAS No. 128 “Earnings per Share.” SFAS No. 128 requires presentation of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted
EPS”) by all entities that have publicly traded common stock or potential common stock (options, warrants, convertible securities or contingent stock arrangements). Basic EPS is computed by dividing income available to common stockholders by
the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. The computation of Diluted EPS does not assume conversion, exercise or
contingent exercise of securities that would have an antidilutive effect on earnings.

(13) Earnings Per Share

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the years ended December 31 (in thousands, except per share amounts):

 

     2007     2006    2005

Basic Earnings (Losses) Per Share:

       

Net earnings (losses) available to common stockholders

   $ (7,716 )   $ 11,134    $ 10,291
                     

Weighted average common shares outstanding

     12,681       12,301      12,006
                     

Net earnings (losses) per share

   $ (0.61 )   $ 0.91    $ 0.86
                     

Diluted Earnings (Losses) Per Share:

       

Net earnings (losses) available to common stockholders

     (7,716 )   $ 11,134    $ 10,291
                     

Weighted average common shares outstanding

     12,681       12,301      12,006

Add: Dilutive effect of options (1)

     -       615      710
                     

Weighted average common shares as adjusted

     12,681       12,916      12,716
                     

Net earnings (losses) per share

   $ (0.61 )   $ 0.86    $ 0.81
                     

(1) In 2007 the dilutive effect of 631,247 shares were excluded as the Company had a loss from continuing operations pursuant to SFAS 128 “Earnings per Share.” In 2006, 461,865 options were excluded from the computation of diluted earnings per share due to their antidilutive effect.

 

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AMERICAN DENTAL PARTNERS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

For the Years Ended December 31, 2007, 2006 and 2005

 

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