PRVT » Topics » 17. Earnings per share

This excerpt taken from the PRVT 10-K filed Mar 31, 2006.

17. Earnings per share

The following table sets forth the computation of basic and diluted earnings per share:

 

     Years ended December 31,
     2003     2004
Restated
    2005

Numerator: (EUR in thousands)

      

Net income (numerator diluted EPS)

   (570 )   (837 )   50
                

Less: Dividends on preferred stock

   148     —       —  
                

Income applicable to common shares (numerator basic EPS)

   (718 )   (837 )   50
                

Denominator:

      

Denominator for basic earnings per share – weighted average shares outstanding

   43,493,163     50,136,203     51,720,180

Effect of dilutive securities:

      

Preferred stock

   n/a     n/a     —  

Common stock warrants, options and other dilutive securities

   n/a     n/a     1,435,131
                

Denominator for diluted earnings per share – weighted average shares and assumed conversions

   n/a     n/a     53,155,311
                

Earnings per share (in EUR)

      

Basic

   (0.02 )   (0.02 )   0.00
                

Diluted

   (0.02 )   (0.02 )   0.00
                

For 2003 and 2004 diluted impact of potentially dilutive securities is anti-dilutive therefore diluted and basic loss per share are EUR 0.02 and EUR 0.02, respectively. The equivalent of 7,230,440 and 2,240,959 common shares derived from dilutive securities such as options, warrants, convertible notes and convertible preferred shares are excluded from the diluted earnings per share for 2003 and 2004, respectively, as they are anti-dilutive.

This excerpt taken from the PRVT 10-K filed Mar 31, 2005.

16. Earnings per share

 

The following table sets forth the computation of basic and diluted earnings per share:

 

     Years ended December 31,

     2002

    2003

    2004

Numerator: (EUR in thousands)

                

Net income (numerator diluted EPS)

   340     (570 )   238
    

 

 

Less: Dividends on preferred stock

   1,446     148     —  
    

 

 

Income applicable to common shares (numerator basic EPS)

   (1,107 )   (718 )   238
    

 

 

Denominator:

                

Denominator for basic earnings per share – weighted average shares outstanding

   28,626,327     43,493,163     50,136,203

Effect of dilutive securities:

                

Preferred stock

   n/a     n/a     —  

Common stock warrants, options and other dilutive securities

   n/a     n/a     2,240,959
    

 

 

Denominator for diluted earnings per share – weighted average shares and assumed conversions

   n/a     n/a     52,377,163
    

 

 

Earnings per share (in EUR)

                

Basic

   (0.04 )   (0.02 )   0.00
    

 

 

Diluted

   (0.04 )   (0.02 )   0.00
    

 

 

 

For 2002 and 2003 diluted impact of potentially dilutive securities is anti-dilutive therefore diluted and basic loss per share are EUR 0.04 and EUR 0.02, respectively. The equivalent of 21,085,904 and 7,230,440 common shares derived from dilutive securities such as options, warrants, convertible notes and convertible preferred shares are excluded from the diluted earnings per share for 2002 and 2003, respectively, as they are anti-dilutive.

 

EXCERPTS ON THIS PAGE:

10-K
Mar 31, 2006
10-K
Mar 31, 2005
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