Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.2
Earnings Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

10.  EARNINGS PER SHARE

Basic earnings per share (“EPS”) is calculated using the average number of shares of common stock outstanding during each period. For the calculation of diluted shares, we assume that restricted stock is outstanding on the date of grant, and we assume the issuance of shares from the exercise of stock options using the treasury stock method.

A reconciliation from basic to diluted shares follows:   



 

 

 

 

 

 

 

 



 

Three Months Ended June 30,

 

Six Months Ended June 30,



 

2016

 

2015

 

2016

 

2015

Basic weighted average shares outstanding

 

58,463,838 

 

58,301,960 

 

58,488,074 

 

58,142,539 

Effect of dilutive securities

 

 -

 

 -

 

 -

 

 -

Diluted weighted average shares outstanding

 

58,463,838 

 

58,301,960 

 

58,488,074 

 

58,142,539 



 

 

 

 

 

 

 

 

Stock options excluded from dilutive calculation because

    they would be anti-dilutive

 

4,413,180 

 

6,051,591 

 

3,522,081 

 

5,624,716 



 

 

 

 

 

 

 

 

Because we recognized net losses for the three and six months ended June 30, 2016 and 2015, there were no dilutive securities for those periods.