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Basic and Diluted Earnings (Loss) Per Share
 12 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) Per Share
19. BASIC AND DILUTED EARNINGS (LOSS) PER SHARE

Basic and diluted earnings (loss) per share of common stock of the Company for the fiscal years ended March 31, 2013, 2012 and 2011 is computed in accordance with FASB ASC 260 “Earnings Per Share” by dividing the net earnings (loss) for each fiscal year attributable to common stockholders by the weighted average number of shares of common stock outstanding during that fiscal year.

The following table sets forth the computation of basic and diluted earnings (loss) per share:

 

     2013     2012     2011  
     US$     US$     US$  

Numerator for basic and diluted earnings (loss) per share:

       

Income (Loss) from continuing operations

      (2,797,032 )      42,994        (2,412,120 ) 

Income (Loss) from continuing operations attributable to non-controlling interests

      107,958        (6,659 )      175,028   
  

 

 

    

 

 

    

 

 

  

Income (Loss) from continuing operations attributable to shareholders of Global-Tech Advanced Innovations Inc.

      (2,689,074 )      36,335        (2,237,092 ) 

Income (Loss) from discontinued operations

      725,773        1,374,342        (1,775,879 ) 
  

 

 

    

 

 

    

 

 

  

Profit (Loss) attributable to common stockholders

      (1,963,301 )      1,410,677        (4,012,971 ) 
  

 

 

    

 

 

    

 

 

  
     Number     Number     Number  

Denominator for basic and diluted earnings (loss) per share:

       

Weighted average number of shares of common stock

      3,040,310        3,039,727        3,039,454   
  

 

 

    

 

 

    

 

 

  
     US$     US$     US$  

Basic and diluted earnings (loss) per share:

       

Earnings (Loss) from continuing operations

      (0.88 )      0.01        (0.74 ) 

Earnings (Loss) from discontinued operations

      0.23        0.45        (0.58 ) 
  

 

 

    

 

 

    

 

 

  

Earnings (Loss) attributable to common stockholder

      (0.65 )      0.46        (1.32 ) 
  

 

 

    

 

 

    

 

 

  

 

369,752 and 365,369 stock options of Global-Tech were excluded from the computation of diluted earnings (loss) per share for the fiscal years ended March 31, 2013 and 2011 respectively, because their inclusion would have been anti-dilutive.

During the fiscal year ended March 31,2012, the weighted average share price of the Company during the year was below the exercise prices of all stock options as at March 31, 2012, resulting in no incremental common shares for that year for the purpose of diluted earnings per share calculation.