SOHU » Topics » 4. NET INCOME PER SHARE

This excerpt taken from the SOHU 10-Q filed May 11, 2009.

5. NET INCOME PER SHARE

Pursuant to SFAS No.128, Earnings per Share, basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares comprise shares issuable upon the exercise of share-based awards and zero coupon convertible senior notes, using the treasury stock method.

The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):

 

     Three Months Ended
March 31,
 
     2009    2008  

Numerator:

     

Net income from continuing operations attributable to Sohu.com Inc.

   $ 44,595    $ 21,563  

Loss from discontinued e-commerce operations attributable to Sohu.com Inc.

     —        (1 )
               

Net income attributable to Sohu.com Inc., basic

   $ 44,595    $ 21,562  
               

Net income attributable to Sohu.com Inc., diluted

   $ 44,595    $ 21,562  
               

Denominator:

     

Weighted average basic common shares outstanding

     38,162      37,759  

Effect of dilutive securities:

     

Stock options and restricted stock units

     689      1,278  

Zero coupon convertible senior notes

     —        —    
               

Weighted average diluted common shares outstanding

     38,851      39,037  
               

Basic net income per share from continuing operations attributable to Sohu.com Inc.

   $ 1.17    $ 0.57  

Basic loss per share from discontinued e-commerce operations attributable to Sohu.com Inc.

     —        —    
               

Basic net income per share attributable to Sohu.com Inc.

   $ 1.17    $ 0.57  
               

Diluted net income per share from continuing operations attributable to Sohu.com Inc.

   $ 1.15    $ 0.55  

Diluted loss per share from discontinued e-commerce operations attributable to Sohu.com Inc.

     —        —    
               

Diluted net income per share attributable to Sohu.com Inc.

   $ 1.15    $ 0.55  
               

 

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This excerpt taken from the SOHU 10-K filed Feb 26, 2009.

(u) Net income per share

Basic net income per share is computed using the weighted average number of common shares outstanding during the year. Diluted net income per share is computed using the weighted average number of common and, if dilutive, potential common shares

 

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outstanding during the year. Potential common shares consist of shares issuable upon the exercise of stock options and restricted stock units (using the treasury stock method) and the conversion of zero coupon convertible senior notes.

This excerpt taken from the SOHU 10-Q filed May 9, 2008.

4. NET INCOME PER SHARE


Basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and, if dilutive, potential



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common shares outstanding during the period. Potential common shares consist of shares issuable upon the exercise of share-based awards (using the treasury stock method) and zero coupon convertible senior notes.


The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):


 

 

Three Months Ended March 31,

 

 

 

2008

 

 

2007

Numerator:

 

 

 

 

 

 

Net income from continuing operations

 

$

 21,563

 

$

 4,459

(Loss) gain from discontinued e-commerce operations

 

 

(1)

 

 

 7

Net income

 

 

 21,562

 

 

 4,466

Effect of dilutive securities:

 

 

 

 

 

 

Amortization of offering costs for zero coupon convertible senior notes

 

 

 -

 

 

 124

Net income adjusted for dilutive securities

 

$

 21,562

 

$

 4,590

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 

 37,759

 

 

 36,722

Effect of dilutive securities:

 

 

 

 

 

 

Stock options and restricted stock units

 

 

 1,278

 

 

 928

Zero coupon convertible senior notes

 

 

 -

 

 

 1,336

Weighted average diluted common shares outstanding

 

 

 39,037

 

 

 38,986

 

 

 

 

 

 

 

Basic income per share from continuing operations

 

$

 0.57

 

$

 0.12

Basic (loss) gain per share from discontinued e-commerce operations

 

 

-

 

 

 -

Basic net income per share

 

$

 0.57

 

$

 0.12

 

 

 

 

 

 

 

Diluted net income per share from continuing operations

 

$

 0.55

 

$

 0.12

Diluted (loss) gain per share from discontinued e-commerce operations

 

 

-

 

 

 -

Diluted net income per share

 

$

 0.55

 

$

 0.12


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

(u) Net income per share

Basic net income per share is computed using the weighted average number of common shares outstanding during the year. Diluted net income per share is computed using the weighted average number of common and, if dilutive, potential common shares outstanding during the year. Potential common shares consist of shares issuable upon the exercise of stock options and restricted stock units (using the treasury stock method) and the conversion of zero coupon convertible senior notes.

 

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This excerpt taken from the SOHU 10-Q filed May 8, 2007.

4. NET INCOME PER SHARE

Basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of shares issuable upon the exercise of share-based awards (using the treasury stock method) and zero coupon convertible senior notes.

The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):

 

     Three Months Ended March 31,  
     2007    2006  

Numerator:

     

Net income from continuing operations

   $ 4,459    $ 6,203  

Gain (loss) from discontinued e-commerce operations

     7      (165 )
               

Net income

     4,466      6,038  
               

Effect of dilutive securities:

     

Amortization of offering costs for the zero coupon convertible senior notes

     124      155  
               

Net income adjusted for dilutive securities

   $ 4,590    $ 6,193  
               

Denominator:

     

Weighted average basic common shares outstanding

     36,722      36,768  

Effect of dilutive securities:

     

Stock options and restricted stock units

     928      945  

Zero coupon convertible senior notes

     1,336      1,671  
               

Weighted average diluted common shares outstanding

     38,986      39,384  
               

Basic income per share from continuing operations

   $ 0.12    $ 0.17  

Basic gain (loss) per share from discontinued e-commerce operations

     —        (0.01 )
               

Basic net income per share

   $ 0.12    $ 0.16  
               

Diluted net income per share from continuing operations

   $ 0.12    $ 0.16  

Diluted loss per share from discontinued e-commerce operations

     —        —    
               

Diluted net income per share

   $ 0.12    $ 0.16  
               
This excerpt taken from the SOHU 10-K filed Mar 8, 2007.

(t) Net income per share

Basic net income per share is computed using the weighted average number of common shares outstanding during the year. Diluted net income per share is computed using the weighted average number of common and, if dilutive, potential common shares outstanding during the year. Potential common shares consist of shares issuable upon the exercise of stock options and restricted stock units (using the treasury stock method) and the conversion of zero coupon convertible senior notes.

This excerpt taken from the SOHU 10-Q filed May 2, 2006.

4. NET INCOME PER SHARE

Basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of shares issuable upon the exercise of stock options (using the treasury stock method) and zero coupon convertible senior notes.

The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):

 

      Three Months Ended March 31,
      2006    2005

Numerator:

     

Net income

   $ 6,038    $ 5,714

Effect of dilutive securities:

     

Amortization of offering costs for zero coupon convertible senior notes

     155      187
             

Net income adjusted for dilutive securities

   $ 6,193    $ 5,901
             

Denominator:

     

Weighted average basic common shares outstanding

     36,768      36,171

Effect of dilutive securities:

     

Stock options

     945      1,749

Zero coupon convertible senior notes

     1,671      2,011
             

Weighted average diluted common shares outstanding

     39,384      39,931
             

Basic net income per share

   $ 0.16    $ 0.16
             

Diluted net income per share

   $ 0.16    $ 0.15
             
This excerpt taken from the SOHU 10-K filed Feb 28, 2006.

20. Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share for the years indicated (in thousands except per share data):

 

     Year Ended December 31,
     2005    2004    2003

Numerator:

        

Net income

   $ 29,781    $ 35,637    $ 26,357

Effect of dilutive securities:

        

Liquidated damages

     —        166      —  

Amortization of offering costs for the zero coupon convertible senior notes

     724      776      345
                    

Net income adjusted for dilutive securities

   $ 30,505    $ 36,579    $ 26,702
                    

Denominator:

        

Weighted average basic common shares outstanding

     36,309      36,369      35,483

Effect of dilutive securities:

        

Stock options

     1,402      2,631      3,954

Zero coupon convertible senior notes

     1,969      2,011      914
                    

Weighted average diluted common shares outstanding

     39,680      41,011      40,351
                    

Basic net income per share

   $ 0.82    $ 0.98    $ 0.74
                    

Diluted net income per share

   $ 0.77    $ 0.89    $ 0.66
                    

 

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This excerpt taken from the SOHU 10-Q filed May 2, 2005.

3. NET INCOME PER SHARE

 

Basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of shares issuable upon the exercise of stock options (using the treasury stock method) and zero coupon convertible senior notes.

 

The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):

 

     Three Months Ended March 31,

     2005

   2004

Numerator:

             

Net income

   $ 5,714    $ 10,930

Effect of dilutive securities:

             

Liquidated damages

     —        50

Amortization of offering costs for zero coupon convertible senior notes

     187      198
    

  

Net income adjusted for dilutive securities

   $ 5,901    $ 11,178
    

  

Denominator:

             

Weighted average basic common shares outstanding

     36,171      36,255

Effect of dilutive securities:

             

Stock options

     1,749      3,654

Zero coupon convertible senior notes

     2,011      2,011
    

  

Weighted average diluted common shares outstanding

     39,931      41,920
    

  

Basic net income per share

   $ 0.16    $ 0.30
    

  

Diluted net income per income

   $ 0.15    $ 0.27
    

  

 

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