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

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

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

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

The Company accounts for earnings per share (“EPS”) in accordance with 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 calculations of EPS for the years ended December 31, 2015, 2014 and 2013 and the diluted calculations of EPS for the year ended December 31, 2013:

	Years ended December 31,
	2015			2014			2013
Net (loss) income attributable to ORBCOMM Inc. common    stockholders	$	(13,287	)	$	(4,721	)	$	4,540
Weighted average number of common shares outstanding:
Basic number of common shares outstanding		70,419			56,684			47,420
Dilutive effect of grants of stock options, unvested    SAR’s and RSU’s and shares of Series A convertible    preferred stock		—			—			1,350
Diluted number of common shares outstanding		70,419			56,684			48,770
Earnings per share:
Basic	$	(0.19	)	$	(0.08	)	$	0.10
Diluted	$	(0.19	)	$	(0.08	)	$	0.09

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

	Years Ended December 31,
(Shares in thousands)	2015	2014	2013
SAR’s	*	*		3,591
RSU’s	*	*		333
Stock Options	*	*		—

* Not applicable due to the loss for the period.

The computation of net (loss) income attributable to ORBCOMM Inc. common stockholders for the years ended December 31, 2015, 2014 and 2013 is as follows:

	Years Ended December 31,
	2015			2014			2013
Net (loss) income attributable to ORBCOMM Inc.	$	(13,251	)	$	(4,684	)	$	4,599
Preferred stock dividends on Series A convertible preferred    stock		(36	)		(37	)		(59	)
Net (loss) income attributable to ORBCOMM Inc. common    stockholders	$	(13,287	)	$	(4,721	)	$	4,540