SIRF » Topics » Net Income (Loss) Per Share

This excerpt taken from the SIRF 10-Q filed May 5, 2009.

Note 3. Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding, excluding the weighted average unvested common shares subject to repurchase. Diluted net income (loss) per share is computed giving effect to all potentially dilutive common stock including common stock subject to repurchase, stock options, warrants, restricted stock units and potential shares associated with employee stock purchase plan withholdings. See Note 5, Stock-Based Compensation, for further information.

 

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The reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share for the three months ended March 28, 2009 and March 31, 2008 is as follows:

 

     Three Months Ended  
     March 28, 2009     March 31, 2008  
     (In thousands, except per share amounts)  

Numerator:

    

Net loss

   $ (16,938 )   $ (28,085 )

Denominator:

    

Weighted average common shares outstanding

     62,754       60,657  

Less: Weighted average common shares outstanding subject to repurchase

     —         (323 )
                

Total weighted average shares used in net loss, basic

     62,754       60,334  
                

Net loss per share:

    

Basic

   $ (0.27 )   $ (0.47 )

Diluted

   $ (0.27 )   $ (0.47 )

The following table sets forth potential shares of common stock that are not included in the diluted net loss per share as their effect would be anti-dilutive:

 

     March 28,
2009
   March 31,
2008
     (In thousands)

Outstanding common stock options

   6,619    9,438

Restricted stock units

   2,658    1,695
         
   9,277    11,133
         
This excerpt taken from the SIRF 10-K filed Mar 2, 2009.

Net Income (Loss) Per Share

 

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding, excluding the weighted average of unvested common shares subject to repurchase. Diluted net income (loss) per share is computed giving effect to all potential dilutive common stock

 

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SiRF Technology Holdings, Inc.

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

including common stock subject to repurchase, stock options, warrants, restricted stock units and potential shares associated with employee stock purchase plan withholding. See Note 3, Net Income (Loss) Per Share and Note 17, Preferred Stock and Stockholders’ Equity, for further information.

 

This excerpt taken from the SIRF 10-Q filed May 8, 2008.

Note 4. Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding, excluding the weighted average unvested common shares subject to repurchase. Diluted net income (loss) per share is computed giving effect to all potential dilutive common stock including common stock subject to repurchase, stock options, warrants, restricted stock units and potential shares associated with employee stock purchase plan withholdings. Refer to Note 6, Stock-Based Compensation, for further information.

 

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The reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share for the three months ended March 31, 2008 and 2007 is as follows:

 

      Three Months Ended March 31,  
     2008     2007  
     (In thousands, except per share amounts)  

Numerator:

    

Net income (loss)

   $ (28,085 )   $ 2,804  
                

Denominator:

    

Weighted average common shares outstanding

     60,657       52,543  

Less: Weighted average common shares outstanding subject to repurchase

     (323 )     (372 )
                

Total weighted average shares used in net income (loss), basic

     60,334       52,171  

Dilutive potential common stock equivalents:

    

Weighted average repurchasable common stock outstanding

     —         372  

Weighted average stock options outstanding

     —         3,363  

Weighted average stock warrants outstanding

     —         201  

Weighted average restricted stock units outstanding

     —         173  

Weighted average purchase plan shares

     —         66  
                

Total weighted average shares used in net income (loss), diluted

     60,334       56,346  
                

Net income (loss) per share:

    

Basic

   $ (0.47 )   $ 0.05  

Diluted

   $ (0.47 )   $ 0.05  

Due to the Company’s net loss reported during the three months ended March 31, 2008, common stock equivalents related to potentially dilutive repurchasable common stock, stock options, warrants, restricted stock units and employee stock purchase plan shares totaling 3.2 million shares were excluded from the computation of diluted net loss per share as their effect would have been anti-dilutive.

During the three months ended March 31, 2007, common stock equivalents related to potentially dilutive stock options and restricted stock units totaling 2.1 million shares were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive.

 

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This excerpt taken from the SIRF 10-K filed Feb 28, 2008.

Net Income (Loss) Per Share

 

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding, excluding the weighted average unvested common shares subject to repurchase. Diluted net income (loss) per share is computed giving effect to all potential dilutive common stock including common stock subject to repurchase, stock options, warrants, restricted stock units and potential shares associated with employee stock purchase plan withholding. Refer to Note 3, Net Income (Loss) Per Share and Note 15, Preferred Stock and Stockholders’ Equity, for further information.

 

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