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

6 Months Ended

Jun. 30, 2015

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

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

The Company accounts for earnings per share (“EPS”) in accordance with FASB ASC Topic 260, “Earnings Per Share” (“ASC 260”) and related guidance, which requires two calculations of EPS to be disclosed: basic and diluted. The numerator in calculating basic and diluted EPS is an amount equal to the net (loss) income attributable to ORBCOMM Inc. common stockholders for the periods presented. The denominator in calculating basic EPS is the weighted average shares outstanding for the respective periods. The denominator in calculating diluted EPS is the weighted average shares outstanding, plus the dilutive effect of stock option grants, unvested SAR and RSU grants and shares of Series A convertible preferred stock for the respective periods. The following sets forth the basic and diluted calculations of EPS for the quarters and six months ended June 30, 2015 and 2014:


	Quarters Ended					Six Months Ended
	June 30,					June 30,
(In thousands, expect per share data)	2015			2014		2015			2014
Net (loss) income attributable to ORBCOMM Inc. common stockholders	$	(12,217	)	$	1,394	$	(15,099	)	$	953

Weighted average number of common shares outstanding:
Basic number of common shares outstanding		70,427			55,199		70,333			54,212
Dilutive effect of grants of stock options, unvested SAR’s and RSU’s and shares of Series A convertible preferred stock		—			1,581		—			1,764

Diluted number of common shares outstanding		70,427			56,780		70,333			55,976

Earnings per share:
Basic	$	(0.1	7)	$	0.03	$	(0.21	)	$	0.02
Diluted	$	(0.1	7)	$	0.02	$	(0.21	)	$	0.02

The following represents amounts not included in the above calculation of diluted EPS as their impact was anti-dilutive under the treasury stock method:

Quarters ended
June 30,

Six months ended
June 30,

(Shares in thousands)

2015

2014

2015

2014

SAR’s

1,006

741

*	Not applicable due to the loss for the period.

The computation of net (loss) income attributable to ORBCOMM Inc. common stockholders for quarter and six months ended June 30, 2015 and 2014 is as follows:


	Quarters ended						Six months ended
	June 30,						June 30,
	2015			2014			2015			2014
Net (loss) income attributable to ORBCOMM Inc.	$	(12,208	)	$	1,403		$	(15,081	)	$	972
Preferred stock dividends on Series A convertible preferred stock		(9	)		(9	)		(18	)		(19	)

Net (loss) income attributable to ORBCOMM Inc. common stockholders	$	(12,217	)	$	1,394		$	(15,099	)	$	953