PBY » Topics » NOTE 11-EARNINGS PER SHARE

These excerpts taken from the PBY 10-K filed Apr 15, 2009.

NOTE 11—EARNINGS PER SHARE

        Basic earnings per share is based on net earnings divided by the weighted average number of shares outstanding during the period. Adjustments for the stock options were anti-dilutive in fiscal years 2008, 2007 and 2006 and therefore excluded from the calculation due to the Company's net loss for the year. Additionally, adjustments for the convertible senior notes and purchase rights were anti-dilutive in all periods presented. During fiscal year 2008, no convertible notes were outstanding.

        The following schedule presents the calculation of basic and diluted earnings per share for net loss from continuing operations:

Year ended
  January 31,
2009
  February 2,
2008
  February 3,
2007
 

Net loss from continuing operations

  $ (28,838 ) $ (37,438 ) $ (7,071 )

Average number of common shares outstanding during period

    52,136,000     52,130,000     54,318,000  

Basic and Diluted Loss Per Share:

                   
 

Net loss From Continuing Operations

  $ (0.55 ) $ (0.72 ) $ (0.13 )
 

(Loss) Earnings from Discontinued Operations, Net of Tax

    (0.03 )   (0.07 )   0.08  
               
 

Basic and Diluted Loss Per Share

  $ (0.58 ) $ (0.79 ) $ (0.05 )
               

        All outstanding options and non vested restricted stock units were excluded from the computation of diluted EPS because they were anti-dilutive for the fiscal years ended January 31, 2009; February 2, 2008 and February 3, 2007.

NOTE 11—EARNINGS PER SHARE



        Basic earnings per share is based on net earnings divided by the weighted average number of shares outstanding during the period.
Adjustments for the stock options were anti-dilutive in fiscal years 2008, 2007 and 2006 and therefore excluded from the calculation due to the Company's net loss for the year.
Additionally, adjustments for the convertible senior notes and purchase rights were anti-dilutive in all periods presented. During fiscal year 2008, no convertible notes were outstanding.




        The
following schedule presents the calculation of basic and diluted earnings per share for net loss from continuing operations:



































































































































Year ended



 January 31,

2009
 February 2,

2008
 February 3,

2007
 

Net loss from continuing operations

 $(28,838)$(37,438)$(7,071)

Average number of common shares outstanding during period

  52,136,000  52,130,000  54,318,000 

Basic and Diluted Loss Per Share:

          
 

Net loss From Continuing Operations

 $(0.55)$(0.72)$(0.13)
 

(Loss) Earnings from Discontinued Operations, Net of Tax

  (0.03) (0.07) 0.08 
        
 

Basic and Diluted Loss Per Share

 $(0.58)$(0.79)$(0.05)
        




        All
outstanding options and non vested restricted stock units were excluded from the computation of diluted EPS because they were anti-dilutive for the fiscal years ended
January 31, 2009; February 2, 2008 and February 3, 2007.



These excerpts taken from the PBY 10-K filed May 1, 2008.

NOTE 11—EARNINGS PER SHARE

        For fiscal years 2007, 2006 and 2005, basic earnings per share are based on net earnings divided by the weighted average number of shares outstanding during the period. Adjustments for the stock options were anti-dilutive in fiscal years 2007, 2006 and 2005 and therefore excluded from the calculation due to the Company's net loss for the year. Additionally, adjustments for the convertible senior notes and purchase rights were anti-dilutive in all periods presented. During fiscal 2007, no convertible notes were outstanding.

        The following schedule presents the calculation of basic and diluted earnings per share for net loss from continuing operations:

Year ended

  February 2,
2008

  February 3,
2007

  January 28,
2006

 
Net loss from continuing operations before cumulative effect of change in accounting principle   $ (37,438 ) $ (7,071 ) $ (36,595 )
Average number of common shares outstanding during period     52,130,000     54,318,000     54,831,000  
   
 
 
 
Basic and Diluted Loss Per Share:                    
  Net loss From Continuing Operations Before Cumulative Effect of Change in Accounting Principle   $ (0.72 ) $ (0.13 ) $ (0.67 )
  (Loss) Earnings from Discontinued Operations, Net of Tax     (0.07 )   0.08     0.02  
  Cumulative Effect of Change in Accounting Principle, Net of Tax             (0.04 )
   
 
 
 
  Basic and Diluted Loss Per Share   $ (0.79 ) $ (0.05 ) $ (0.69 )
   
 
 
 

        For the years ended February 2, 2008, February 3, 2007 and January 28, 2006, there were 3,347,089; 2,459,618 and 4,802,970 options and restricted stock units that were not included in the computation of diluted EPS because they were antidilutive for the periods.

NOTE 11—EARNINGS PER SHARE



        For fiscal years 2007, 2006 and 2005, basic earnings per share are based on net earnings divided by the weighted average number of shares outstanding during the
period. Adjustments for the stock options were anti-dilutive in fiscal years 2007, 2006 and 2005 and therefore excluded from the calculation due to the Company's net loss for the year.
Additionally, adjustments for the convertible senior notes and purchase rights were anti-dilutive in all periods presented. During fiscal 2007, no convertible notes were outstanding.




        The
following schedule presents the calculation of basic and diluted earnings per share for net loss from continuing operations:












































































































































Year ended

 February 2,

2008

 February 3,

2007

 January 28,

2006

 
Net loss from continuing operations before cumulative effect of change in accounting principle $(37,438)$(7,071)$(36,595)
Average number of common shares outstanding during period  52,130,000  54,318,000  54,831,000 
  
 
 
 
Basic and Diluted Loss Per Share:          
 Net loss From Continuing Operations Before Cumulative Effect of Change in Accounting Principle $(0.72)$(0.13)$(0.67)
 (Loss) Earnings from Discontinued Operations, Net of Tax  (0.07) 0.08  0.02 
 Cumulative Effect of Change in Accounting Principle, Net of Tax      (0.04)
  
 
 
 
 Basic and Diluted Loss Per Share $(0.79)$(0.05)$(0.69)
  
 
 
 




        For
the years ended February 2, 2008, February 3, 2007 and January 28, 2006, there were 3,347,089; 2,459,618 and 4,802,970 options and restricted stock units that
were not included in the computation of diluted EPS because they were antidilutive for the periods.



This excerpt taken from the PBY 10-K filed Nov 2, 2007.
EARNINGS PER SHARE   Earnings per share for all periods have been computed in accordance with SFAS No. 128, “Earnings Per Share” as amended by SFAS No. 123 (revised 2004), “Share-Based

39




THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended February 3, 2007, January 28, 2006 and January 29, 2005
(dollar amounts in thousands, except share data)

Payment.” Basic earnings per share is computed by dividing earnings by the weighted average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing earnings plus the interest on the convertible senior notes by the weighted average number of common shares outstanding during the year plus the assumed conversion of dilutive convertible debt and incremental shares that would have been outstanding upon the assumed exercise of dilutive stock options.

This excerpt taken from the PBY 10-K filed Apr 18, 2007.
EARNINGS PER SHARE   Earnings per share for all periods have been computed in accordance with SFAS No. 128, “Earnings Per Share” as amended by SFAS No. 123 (revised 2004), “Share-Based

39




THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended February 3, 2007, January 28, 2006 and January 29, 2005
(dollar amounts in thousands, except share data)

Payment.” Basic earnings per share is computed by dividing earnings by the weighted average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing earnings plus the interest on the convertible senior notes by the weighted average number of common shares outstanding during the year plus the assumed conversion of dilutive convertible debt and incremental shares that would have been outstanding upon the assumed exercise of dilutive stock options.

This excerpt taken from the PBY 10-K filed Apr 12, 2006.
EARNINGS PER SHARE Earnings per share for all periods have been computed in accordance with SFAS No. 128, “Earnings Per Share.” Basic earnings per share is computed by dividing earnings by the weighted average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing earnings plus the interest on the convertible senior notes by the weighted average number of common shares outstanding during the year plus the assumed conversion of dilutive convertible debt and incremental shares that would have been outstanding upon the assumed exercise of dilutive stock options.

     

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