GFSI » Topics » F. Net Income (Loss) Per Share

This excerpt taken from the GFSI 10-Q filed Nov 14, 2007.

E. Net Income (Loss) Per Share

     Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common and common equivalent shares outstanding during the period, which includes the additional dilution related to outstanding stock options and warrants as computed under the treasury stock method and the conversion of preferred stock under the if-converted method.

     The following table represents information necessary to calculate earnings per share for the three and nine months ended September 30, 2007 and 2006:

 Three Months         Nine Months 
 Ended September 30   Ended September 30 
 2007         2006   2007         2006 
 (in thousands)   (in thousands) 
Net income (loss) available to common shareholders  $ 92 $ (458 )   $ (184 )   $ (2,059 )
  
Weighted average common shares outstanding - basic    17,279   3,163   17,275 3,157
Plus additional shares from common stock equivalent shares: 
Options    18     -   -   -
Diluted weighted average common shares outstanding         17,297        3,163        17,275        3,157

10


     For the nine months ended September 30, 2007 and 2006, there were approximately 54,000 options and 5.9 million employee stock options, warrants and Series B preferred shares, respectively, that were excluded from diluted earnings per share calculations, as their effects were anti-dilutive.

This excerpt taken from the GFSI 10-Q filed Aug 13, 2007.

E. Net Income (Loss) Per Share

     Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common and common equivalent shares outstanding during the period, which includes the additional dilution related to outstanding stock options and warrants as computed under the treasury stock method and the conversion of preferred stock under the if-converted method.

     The following table represents information necessary to calculate earnings per share for the three and six-month periods ended June 30, 2007 and 2006:

       Three Months       Six Months
  Ended June 30  Ended June 30
   2007       2006  2007       2006
   (in thousands)  (in thousands)
Net income (loss) available to common shareholders     $     101      $     (868 )     $     (276 )       $     (1,601 ) 
 
Weighted average common shares outstanding - basic  17,277     3,162       17,273     3,154  
Plus additional shares from common stock equivalent shares:                 
Options, warrants, and convertible preferred stock      35      -     -      -  
Diluted weighted average common shares outstanding    17,312     3,162     17,273      3,154  

10


     For the six months ended June 30, 2007 and 2006, there were approximately 1.4 million and 5.5 million employee stock options, warrants and the Series B preferred shares that were excluded from diluted earnings per share calculations, as their effects were anti-dilutive.

This excerpt taken from the GFSI 10-Q filed Mar 29, 2007.

G.   Net Income (Loss) Per Share

          Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period.  Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common and common equivalent shares outstanding during the period, which includes the additional dilution related to exercise of stock options and warrants as computed under the treasury stock method and the conversion of the preferred stock under the if-converted method.

          The following table represents information necessary to calculate earnings per share for the three and nine-month periods ended September 30, 2006 and 2005:

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 


 


 

 

 

2006

 

2005

 

2006

 

2005

 

 

 



 



 



 



 

 

 

(in thousands)

 

(in thousands)

 

Net (loss) income available to common shareholders

 

$

(458

)

$

137

 

$

(2,059

)

$

101

 

 

 



 



 



 



 

Weighted average common shares outstanding

 

 

3,163

 

 

2,951

 

 

3,157

 

 

2,933

 

Plus additional shares from common stock equivalent shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Options, warrants, and convertible preferred stock

 

 

—  

 

 

51

 

 

—  

 

 

66

 

 

 



 



 



 



 

Diluted weighted average common shares outstanding

 

 

3,163

 

 

3,002

 

 

3,157

 

 

2,999

 

 

 



 



 



 



 

          For the nine months ended September 30, 2006 and 2005, approximately 5.9 million and 3.5 million employee stock options, warrants and the Series B preferred shares were excluded from diluted earnings per share calculations, as their effects were anti-dilutive.

This excerpt taken from the GFSI 10-Q filed Mar 29, 2007.

G.      Net Income (Loss) Per Share

          Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common and common equivalent shares outstanding during the period, which includes the additional dilution related to exercise of stock options and warrants as computed under the treasury stock method and the conversion of the preferred stock under the if-converted method.

          The following table represents information necessary to calculate earnings per share for the three and six-month periods ended June 30, 2006 and 2005:

 

 

Three Months
Ended June 30,

 

Six Months
Ended June 30,

 

 

 


 


 

 

 

2006

 

2005

 

2006

 

2005

 

 

 



 



 



 



 

 

 

(in thousands)

 

(in thousands)

 

Net (loss) income available to common shareholders

 

$

(868

)

$

125

 

$

(1,601

)

$

(36

)

 

 



 



 



 



 

Weighted average common shares outstanding

 

 

3,162

 

 

2,932

 

 

3,154

 

 

2,924

 

Plus additional shares from common stock equivalent shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Options, warrants, and convertible preferred stock

 

 

—  

 

 

59

 

 

—  

 

 

—  

 

Diluted weighted average common shares outstanding

 

 

3,162

 

 

2,991

 

 

3,154

 

 

2,924

 

 

 



 



 



 



 

          For the six months ended June 30, 2006 and 2005, approximately 27.6 million and 17.4 million employee stock options, warrants and the Series B preferred shares were excluded from diluted earnings per share calculations, as their effects were anti-dilutive.

This excerpt taken from the GFSI 10-Q filed Nov 13, 2006.

F.   Net Income (Loss) Per Share

          Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period.  Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common and common equivalent shares outstanding during the period, which includes the additional dilution related to exercise of stock options and warrants as computed under the treasury stock method and the conversion of the preferred stock under the if-converted method.

          The following table represents information necessary to calculate earnings per share for the three and nine-month periods ended September 30, 2006 and 2005:

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 


 


 

 

 

2006

 

2005

 

2006

 

2005

 

 

 



 



 



 



 

 

 

(in thousands)

 

(in thousands)

 

Net (loss) income available to common shareholders

 

$

(427

)

$

137

 

$

(1,821

)

$

101

 

 

 



 



 



 



 

Weighted average common shares outstanding

 

 

3,163

 

 

2,951

 

 

3,157

 

 

2,933

 

Plus additional shares from common stock equivalent shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Options, warrants, and convertible preferred stock

 

 

—  

 

 

51

 

 

—  

 

 

66

 

 

 



 



 



 



 

Diluted weighted average common shares outstanding

 

 

3,163

 

 

3,002

 

 

3,157

 

 

2,999

 

 

 



 



 



 



 

          For the nine months ended September 30, 2006 and 2005, approximately 5.9 million and 3.5 million employee stock options, warrants and the Series B preferred shares were excluded from diluted earnings per share calculations, as their effects were anti-dilutive.

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