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This excerpt taken from the XIDE 10-K filed Jun 4, 2009. Net
(Loss) Earnings Per Share
The Company computes basic (loss) earnings per share in
accordance with SFAS 128, “Earnings Per Share”
by dividing net (loss) income by the weighted average number
of common shares outstanding during the period. Diluted earnings
per share is computed by dividing net income by diluted weighted
average shares outstanding. Potentially dilutive shares include
the assumed exercise of stock options and the assumed vesting of
restricted stock and stock unit awards (using the treasury stock
method) as well as the assumed conversion of the Company’s
Floating Rate Convertible Senior Subordinated Notes, if
dilutive. The potential dilutive effect of the assumed
conversion of convertible debt is determined using the
if-converted method, and considers both the impact of
incremented common shares after an assumed conversion, and the
related addition to net income of the after-tax interest
recognized during the period on the convertible debt. Shares
which are contingently issuable under the Company’s plan of
reorganization have been included as outstanding common shares
for purposes of calculating basic (loss) earnings per share.
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