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

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

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

5. Net Income (Loss) 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 income (loss) 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 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 nine months ended September 30, 2016 and 2015:

	Quarter Ended					Nine Months Ended
	September 30,					September 30,
	2016			2015		2016			2015
Net (loss) income attributable to ORBCOMM Inc.    common stockholders	$	(14,048	)	$	1,582	$	(20,313	)	$	(13,517	)
Weighted average number of common shares outstanding:
Basic number of common shares outstanding		70,997			70,460		70,866			70,376
Dilutive effect of unvested SARs and RSUs and shares    of Series A convertible preferred stock		—			1,458		—			—
Diluted number of common shares outstanding		70,997			71,918		70,866			70,376
Earnings per share:
Basic	$	(0.20	)	$	0.02	$	(0.29	)	$	(0.19	)
Diluted	$	(0.20	)	$	0.02	$	(0.29	)	$	(0.19	)

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
(Shares in thousands)	2016		2015		2016		2015
SARs		*		606		*		*

*           Not applicable due to the loss for the period.

The computation of net (loss) income attributable to ORBCOMM Inc. common stockholders for the quarters and nine months ended September 30, 2016 and 2015 is as follows:

	Quarter Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Net (loss) income attributable to ORBCOMM Inc.	$	(14,041	)	$	1,591		$	(20,306	)	$	(13,490	)
Preferred stock dividends on Series A convertible preferred    stock		(7	)		(9	)		(7	)		(27	)
Net (loss) income attributable to ORBCOMM Inc.    common stockholders	$	(14,048	)	$	1,582		$	(20,313	)	$	(13,517	)