OPNT » Topics » 6. Earnings Per Share

These excerpts taken from the OPNT 10-K filed Jun 5, 2009.

12. Earnings per Share

The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share for fiscal 2009, 2008, and 2007:

 

     2009    2008    2007
     ($ in thousands, except per share amounts)

Net Income (Numerator):

        

Basic and diluted net income

   $ 4,732    $ 533    $ 7,965
                    

Shares (Denominator):

        

Weighted average shares outstanding (basic)

     20,296,165      20,342,426      20,357,530

Plus:

        

Effect of other dilutive securities – options

     237,212      253,542      831,709

Effect of other dilutive securities – restricted stock

     47,589      24,819      16,310
                    

Weighted average shares outstanding (diluted)

     20,580,966      20,620,787      21,205,549
                    

Net income per common share:

        

Basic

   $ 0.23    $ 0.03    $ 0.39

Diluted

   $ 0.23    $ 0.03    $ 0.38

The weighted average diluted shares outstanding is not affected during any period where the exercise price of a stock option is greater than the average market price. Options for the purchase of 1,745,390, 1,826,054 and 469,600 common shares were excluded from the weighted average diluted shares outstanding for fiscal 2009, 2008, and 2007, respectively, because their effect was anti-dilutive.

12. Earnings per Share

FACE="Times New Roman" SIZE="2">The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share for fiscal 2009, 2008, and 2007:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





















































































































































































   2009  2008  2007
   ($ in thousands, except per share amounts)

Net Income (Numerator):

      

Basic and diluted net income

  $4,732  $533  $7,965
            

Shares (Denominator):

      

Weighted average shares outstanding (basic)

   20,296,165   20,342,426   20,357,530

Plus:

      

Effect of other dilutive securities – options

   237,212   253,542   831,709

Effect of other dilutive securities – restricted stock

   47,589   24,819   16,310
            

Weighted average shares outstanding (diluted)

   20,580,966   20,620,787   21,205,549
            

Net income per common share:

      

Basic

  $0.23  $0.03  $0.39

Diluted

  $0.23  $0.03  $0.38

The weighted average diluted shares outstanding is not affected during any period where the
exercise price of a stock option is greater than the average market price. Options for the purchase of 1,745,390, 1,826,054 and 469,600 common shares were excluded from the weighted average diluted shares outstanding for fiscal 2009, 2008, and 2007,
respectively, because their effect was anti-dilutive.

These excerpts taken from the OPNT 10-K filed Jun 9, 2008.

12. Earnings per Share

The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share for fiscal 2008, 2007 and 2006:

 

     2008    2007    2006

Net Income (Numerator):

        

Basic and diluted net income

   $ 533    $ 7,965    $ 2,137
                    

Shares (Denominator):

        

Weighted average shares outstanding (basic)

     20,342      20,358      20,374

Plus:

        

Effect of other dilutive securities—options

     254      832      229

Effect of other dilutive securities—restricted stock

     25      16      1
                    

Weighted average shares outstanding (diluted)

     20,621      21,206      20,604
                    

Net income per common share:

        

Basic

   $ 0.03    $ 0.39    $ 0.10

Diluted

   $ 0.03    $ 0.38    $ 0.10

The weighted average shares outstanding (diluted) is not impacted during any period where the exercise price of a stock option is greater than the average market price. The Company had options for the purchase of 1,826, 470 and 2,367 common shares that were excluded from the diluted average shares outstanding for the fiscal 2008, 2007, and 2006 respectively, because their effect was anti-dilutive.

12. Earnings per Share

SIZE="2">The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share for fiscal 2008, 2007 and 2006:

 

















































































































































































   2008  2007  2006

Net Income (Numerator):

      

Basic and diluted net income

  $533  $7,965  $2,137
            

Shares (Denominator):

      

Weighted average shares outstanding (basic)

   20,342   20,358   20,374

Plus:

      

Effect of other dilutive securities—options

   254   832   229

Effect of other dilutive securities—restricted stock

   25   16   1
            

Weighted average shares outstanding (diluted)

   20,621   21,206   20,604
            

Net income per common share:

      

Basic

  $0.03  $0.39  $0.10

Diluted

  $0.03  $0.38  $0.10

The weighted average shares outstanding (diluted) is not impacted during any period where the
exercise price of a stock option is greater than the average market price. The Company had options for the purchase of 1,826, 470 and 2,367 common shares that were excluded from the diluted average shares outstanding for the fiscal 2008, 2007, and
2006 respectively, because their effect was anti-dilutive.

This excerpt taken from the OPNT 10-Q filed Nov 7, 2007.

6. Earnings Per Share

The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share for the three and six months ended September 30, 2007 and 2006:

 

     Three Months Ended
September 30,
   Six Months Ended
September 30,
     2007    2006    2007    2006
     (in thousands, except per share data)

Net income (numerator):

           

Basic and diluted net income

   $ 1,301    $ 1,727    $ 1,948    $ 3,363
                           

Shares (denominator):

           

Weighted average basic shares outstanding

     20,409      20,266      20,446      20,228

Plus:

           

Effect of other dilutive securities – options

     487      738      519      681

Effect of other dilutive securities—unvested stock

     30      15      28      11
                           

Weighted average diluted shares outstanding

     20,926      21,019      20,993      20,920
                           

Net income per common share:

           

Basic

   $ 0.06    $ 0.09    $ 0.10    $ 0.17

Diluted

   $ 0.06    $ 0.08    $ 0.09    $ 0.16

 

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This excerpt taken from the OPNT 10-Q filed Aug 7, 2007.

6. Earnings Per Share

 

The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share for the three months ended June 30, 2007 and 2006:

 

     Three Months Ended
June 30,
     2007    2006
     (in thousands, except
per share data)

Net income (numerator):

     

Basic and diluted net income

   $ 647    $ 1,635
             

Shares (denominator):

     

Weighted average basic shares outstanding

     20,516      20,190

Plus:

     

Effect of other dilutive securities—options

     638      460

Effect of other dilutive securities—unvested stock

     26      14
             

Weighted average diluted shares outstanding

     21,180      20,664
             

Net income per common share:

     

Basic

   $ 0.03    $ 0.08

Diluted

   $ 0.03    $ 0.08

 

This excerpt taken from the OPNT 10-K filed Jun 11, 2007.

11. Earnings per Share

The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share for fiscal 2007, 2006 and 2005:

 

     2007    2006    2005

Net Income (Numerator):

        

Basic and diluted net income

   $ 7,965    $ 2,137    $ 2,052
                    

Shares (Denominator):

        

Weighted average shares outstanding (basic)

     20,358      20,374      20,158

Plus:

        

Effect of other dilutive securities—options

     832      229      466

Effect of other dilutive securities—restricted stock

     16      1      —  
                    

Weighted average shares outstanding (diluted)

     21,206      20,604      20,624
                    

Net income per common share:

        

Basic

   $ 0.39    $ 0.10    $ 0.10

Diluted

   $ 0.38    $ 0.10    $ 0.10

The Company had options for the purchase of 470, 2,367 and 2,434 common shares that were excluded from the diluted average shares outstanding for the fiscal 2007, 2006, and 2005 respectively, because their effect was anti-dilutive.

 

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OPNET TECHNOLOGIES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(dollar and share amounts in thousands, except per share data)

 

This excerpt taken from the OPNT 10-Q filed Feb 6, 2007.

5. Earnings Per Share

 

The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share for the three and nine months ended December 31, 2006 and 2005:

 

     Three Months Ended
December 31,
   Nine Months Ended
December 31,
     2006    2005    2006    2005
     (in thousands, except per share data)

Net income (numerator):

           

Basic and diluted net income

   $ 3,024    $ 1,166    $ 6,386    $ 1,152
                           

Shares (denominator):

           

Weighted average basic shares outstanding

     20,365      20,229      20,270      20,345

Plus:

           

Effect of other dilutive securities – options

     997      294      843      262

Effect of other dilutive securities – unvested stock

     25      —        12      —  
                           

Weighted average diluted shares outstanding

     21,387      20,523      21,125      20,607
                           

Net income per common share:

           

Basic

   $ 0.15    $ 0.06    $ 0.32    $ 0.06

Diluted

   $ 0.14    $ 0.06    $ 0.30    $ 0.06

 

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