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

12 Months Ended

Dec. 31, 2019

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 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 stock option grants, unvested SAR and RSU grants and shares of Series A convertible preferred stock for the respective periods. The following table sets forth the basic and diluted EPS calculations for the years ended December 31, 2019, 2018 and 2017:

	Year Ended December 31,
	2019			2018			2017
Net loss attributable to ORBCOMM Inc. common    stockholders	$	(18,435	)	$	(26,262	)	$	(61,296	)
Weighted average number of common shares outstanding:
Basic number of common shares outstanding		79,259			77,603			72,882
Dilutive effect of grants of stock options, unvested    SARs and RSUs and shares of Series A convertible    preferred stock		—			—			—
Diluted number of common shares outstanding		79,259			77,603			72,882
Earnings per share:
Basic	$	(0.23	)	$	(0.34	)	$	(0.84	)
Diluted	$	(0.23	)	$	(0.34	)	$	(0.84	)

The computation of net loss attributable to ORBCOMM Inc. common stockholders for the years ended December 31, 2019, 2018 and 2017 is as follows:

	Years Ended December 31,
	2019			2018			2017
Net loss attributable to ORBCOMM Inc.	$	(18,423	)	$	(26,244	)	$	(61,284	)
Preferred stock dividends on Series A convertible preferred    stock		(12	)		(18	)		(12	)
Net loss attributable to ORBCOMM Inc. common    stockholders	$	(18,435	)	$	(26,262	)	$	(61,296	)