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

3 Months Ended

Mar. 31, 2021

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 three months ended March 31, 2021 and 2020:

	Three Months Ended
	March 31,
	2021			2020
Net loss attributable to ORBCOMM Inc. common stockholders	$	(10,574	)	$	(6,975	)
Weighted average number of common shares outstanding:
Basic number of common shares outstanding		79,073			78,313
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		79,073			78,313
Earnings per share:
Basic	$	(0.13	)	$	(0.09	)
Diluted	$	(0.13	)	$	(0.09	)

The computations of net loss attributable to ORBCOMM Inc. common stockholders for the three months ended March 31, 2021 and 2020 are as follows:

	Three Months Ended
	March 31,
	2021			2020
Net loss attributable to ORBCOMM Inc.	$	(10,562	)	$	(6,975	)
Preferred stock dividends on Series A convertible preferred stock		(12	)		—
Net loss attributable to ORBCOMM Inc. common stockholders	$	(10,574	)	$	(6,975	)