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

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

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

4. 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 quarters and nine months ended September 30, 2020 and 2019:

	Quarters Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Net loss attributable to ORBCOMM Inc. common    stockholders	$	(5,525	)	$	(4,025	)	$	(19,170	)	$	(15,934	)
Weighted average number of common shares outstanding:
Basic number of common shares outstanding		77,962			79,695			78,115			79,591
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		77,962			79,695			78,115			79,591
Earnings per share:
Basic	$	(0.07	)	$	(0.05	)	$	(0.25	)	$	(0.20	)
Diluted	$	(0.07	)	$	(0.05	)	$	(0.25	)	$	(0.20	)

The computations of net loss attributable to ORBCOMM Inc. common stockholders for the quarters and nine months ended September 30, 2020 and 2019 are as follows:

	Quarters Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Net loss attributable to ORBCOMM Inc.	$	(5,525	)	$	(4,013	)	$	(19,170	)	$	(15,922	)
Preferred stock dividends on Series A convertible preferred    stock		—			(12	)		—			(12	)
Net loss attributable to ORBCOMM Inc. common    stockholders	$	(5,525	)	$	(4,025	)	$	(19,170	)	$	(15,934	)