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Net Loss Attributable to ORBCOMM Inc. Common Stockholders
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Attributable to ORBCOMM Inc. Common Stockholders

5. Net 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 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, 2018 and 2017:

 

 

 

Quarters Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net loss attributable to ORBCOMM Inc.

   common stockholders

 

$

(7,233

)

 

$

(10,740

)

 

$

(17,319

)

 

$

(14,083

)

Weighted average number of common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic number of common shares outstanding

 

 

78,079

 

 

 

71,978

 

 

 

76,404

 

 

 

71,703

 

Dilutive effect of unvested SARs and RSUs and shares

   of Series A convertible preferred stock

 

 

 

 

 

 

 

 

 

 

 

 

Diluted number of common shares outstanding

 

 

78,079

 

 

 

71,978

 

 

 

76,404

 

 

 

71,703

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.09

)

 

$

(0.15

)

 

$

(0.23

)

 

$

(0.20

)

Diluted

 

$

(0.09

)

 

$

(0.15

)

 

$

(0.23

)

 

$

(0.20

)

 

The computation of net loss attributable to ORBCOMM Inc. common stockholders for the quarters and six months ended June 30, 2018 and 2017 is as follows:

 

 

 

Quarters Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net loss attributable to ORBCOMM Inc.

 

$

(7,222

)

 

$

(10,740

)

 

$

(17,308

)

 

$

(14,083

)

Preferred stock dividends on Series A convertible preferred

   stock

 

 

(11

)

 

 

 

 

 

(11

)

 

 

 

Net loss attributable to ORBCOMM Inc.

   common stockholders

 

$

(7,233

)

 

$

(10,740

)

 

$

(17,319

)

 

$

(14,083

)