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Net Income (Loss) Attributable to ORBCOMM Inc. Common Stockholders (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Calculations of EPS

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

)

 

Schedule of Amounts Not Included in Diluted EPS

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.

 

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

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

)