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Net Income (Loss) Attributable to ORBCOMM Inc. Common Stockholders
12 Months Ended
Dec. 31, 2016
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, 2016, 2015 and 2014:

 

  

 

Years ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Net loss attributable to ORBCOMM Inc. common

   stockholders

 

$

(23,525

)

 

$

(13,287

)

 

$

(4,721

)

Weighted average number of common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic number of common shares outstanding

 

 

70,907

 

 

 

70,419

 

 

 

56,684

 

Dilutive effect of grants of stock options, unvested

   SAR’s and RSU’s and shares of Series A convertible

   preferred stock

 

 

 

 

 

 

 

 

 

Diluted number of common shares outstanding

 

 

70,907

 

 

 

70,419

 

 

 

56,684

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.33

)

 

$

(0.19

)

 

$

(0.08

)

Diluted

 

$

(0.33

)

 

$

(0.19

)

 

$

(0.08

)

 

The computation of net loss attributable to ORBCOMM Inc. common stockholders for the years ended December 31, 2016, 2015 and 2014 is as follows:

 

  

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Net loss attributable to ORBCOMM Inc.

 

$

(23,511

)

 

$

(13,251

)

 

$

(4,684

)

Preferred stock dividends on Series A convertible preferred

   stock

 

 

(14

)

 

 

(36

)

 

 

(37

)

Net loss attributable to ORBCOMM Inc. common

   stockholders

 

$

(23,525

)

 

$

(13,287

)

 

$

(4,721

)