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Net Income (Loss) Attributable to ORBCOMM Inc. Common Stockholders
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Attributable to ORBCOMM Inc. Common Stockholders

Note 6.    Net Income (Loss) Attributable to ORBCOMM Inc. Common Stockholders

Basic net income (loss) per common share is calculated by dividing net income (loss) attributable to ORBCOMM Inc. by the weighted-average number of common shares outstanding for the period. Diluted net income per common share is computed by giving effect to all potentially dilutive securities. Diluted net loss per common share is the same as basic net loss per common share, because potentially dilutive securities would have an antidilutive effect as the Company incurred a net loss for the year ended December 31, 2011. For the years ended December 31, 2013 and 2012, the Company reported net income attributable to ORBCOMM Inc. and included the effect of 1,351,964 and 879,312 Series A convertible preferred stock, SARs, RSUs and stock options, respectively, in its diluted weighted average common shares outstanding. For the year ended December 31, 2013, the Company included the effect of 8,399 shares of its common stock relating to the MPUs based on achieving its stock price performance target in 2013 in its diluted weighted average common shares outstanding.

The potentially dilutive securities excluded from the determination of diluted income (loss) per share as their effect is antidilutive, are as follows:

 

     Years Ended December 31,  
     2013      2012      2011  

SARs

     3,590,838         4,079,861         3,534,266   

RSUs

     332,605         19,382         143,334   

Stock options

             590,118         757,828   

Series A convertible preferred stock

                     310,337   
  

 

 

    

 

 

    

 

 

 
     3,923,443         4,689,361         4,745,765