|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the WBMD 10-Q filed May 12, 2008. Net
(Loss) Income Per Common Share
Basic and diluted net (loss) income per common share are
presented in conformity with Statement of Financial Accounting
Standards (“SFAS”) No. 128, “Earnings
Per Share” (“SFAS 128”). In accordance with
SFAS No. 128, basic (loss) income per common share has
been computed using the weighted-average number of shares of
common stock outstanding during the periods presented. Diluted
(loss) income per common share has been computed using the
weighted-average number of shares of common stock outstanding
during the periods, increased to give effect to potentially
dilutive securities.
Table of Contents
WEBMD
HEALTH CORP.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Included in basic and diluted shares for the three months ended
March 31, 2008 and 2007 is the impact of shares to be
issued pursuant to the purchase agreement for the acquisition of
Subimo, LLC. The Company deferred the issuance of
640,930 shares of Class A common stock (“Deferred
Shares”) until December 2008. Issuance of a portion of
these shares may be further deferred until December 2010 subject
to certain conditions. A maximum of 246,508 of the Deferred
Shares may be used to settle any outstanding claims or
warranties the Company may have against the seller. For purposes
of calculating basic net income per share, the impact of
394,422 shares representing the non-contingent portion of
the Deferred Shares was included. The additional Deferred Shares
of 246,508 were considered if their effect was dilutive.
The Company has excluded certain outstanding stock options,
restricted stock and Deferred Shares from the calculation of
diluted (loss) income per common share during the periods in
which such securities were anti-dilutive. The total number of
shares that could potentially dilute income per common share in
the future that were not included in the calculation of diluted
(loss) income per common share was 5,736,129 and 1,318,413 for
the three months ended March 31, 2008 and 2007,
respectively.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
