Note 13 - Earnings Per Share

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

13. EARNINGS PER SHARE

Earnings per share are based on the weighted average number of shares of common stock and dilutive potential common share equivalents outstanding. Basic earnings per share assumes no dilution and is computed by dividing net income attributable to Alaska Communications by the weighted average number of common shares outstanding for the period. Diluted earnings per share include the potential dilution of securities that could share in the earnings of the Company.

Weighted average restricted stock units of 199 and 115 were excluded from the calculation of diluted earnings per share for the three and nine-month periods ended September 30, 2020, respectively, as the effect, if included, would have been anti-dilutive.

Weighted average restricted stock units of 176 and 183 were excluded from the calculation of diluted earnings per share for the three and nine-month periods ended September 30, 2019, respectively, as the effect, if included, would have been anti-dilutive.

The calculation of basic and diluted earnings per share for the three and nine-month periods ended September 30, 2020 and 2019 are as follows.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income attributable to Alaska Communications	$	2,302	$	2,022	$	7,129	$	2,284
Weighted average common shares outstanding:
Basic shares		54,116		53,328		53,906		53,503
Effect of stock-based compensation		456		663		487		902
Diluted shares		54,572		53,991		54,393		54,405
Net income per share attributable to Alaska Communications:
Basic	$	0.04	$	0.04	$	0.13	$	0.04
Diluted	$	0.04	$	0.04	$	0.13	$	0.04