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Net Income (Loss) Attributable to ORBCOMM Inc. Common Stockholders (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Calculations of EPS 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

)

Summary of Net Loss Attributable to ORBCOMM Inc. Common Stockholders

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

)