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Earnings per Share
 6 Months Ended
Mar. 31, 2015
Earnings per Share  
Earnings per Share

 

11.Earnings per Share

 

The following table sets forth the computations of basic and diluted EPS, reflecting the amounts attributable to Headwaters and excluding the amounts attributable to the non-controlling interest in Entegra. In accordance with ASC 260, income (loss) from continuing operations for each period is used as the control number in determining whether potentially dilutive common shares should be included in the diluted earnings per share computations for those periods, even when the effect of doing so is anti-dilutive to the other per-share amounts.

 

 

 

Three Months Ended
March 31,

 

Six Months Ended
March 31,

 

(in thousands, except per-share amounts)

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$
(9,507

)

$
(24,988

)

$
(11,641

)

$
(17,837

)

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to non-controlling interest

 
(236

)
(259

)
(230

)
(504

)

 

 

 

 

 

 

 

 

 

 

Adjustment of estimated redemption value of non-controlling interest

 
0

 
276

 
0

 
0

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share from continuing operations — loss from continuing operations attributable to Headwaters Incorporated

 
(9,743

)
(24,971

)
(11,871

)
(18,341

)

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share from discontinued operations — income (loss) from discontinued operations, net of income taxes

 
(575

)
(210

)
125

 
(277

)

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per share — net loss attributable to Headwaters Incorporated

 

$
(10,318

)

$
(25,181

)

$
(11,746

)

$
(18,618

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted earnings per share — weighted-average shares outstanding

 
73,121

 
73,555

 
73,094

 
73,501

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted income (loss) per share attributable to Headwaters Incorporated:

 

 

 

 

 

 

 

 

 

From continuing operations

 

$
(0.13

)

$
(0.34

)

$
(0.16

)

$
(0.25

)

From discontinued operations

 
(0.01

)
(0.00

)
0.00

 
(0.00

)

 

 

$
(0.14

)

$
(0.34

)

$
(0.16

)

$
(0.25

)

Anti-dilutive securities not considered in diluted EPS calculation:

 

 

 

 

 

 

 

 

 

Stock-settled SARs

 
3,821

 
3,811

 
3,879

 
2,358

 

Stock options

 
594

 
105

 
606

 
105

 

Restricted stock

 
253

 
264

 
253

 
132