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

6 Months Ended

Jun. 30, 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” 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 six months ended June 30, 2021 and 2020:

	Quarters Ended						Six Months Ended
	June 30,						June 30,
	2021			2020			2021			2020
Net loss attributable to ORBCOMM Inc. common stockholders	$	(7,658	)	$	(6,670	)	$	(18,232	)	$	(13,645	)
Weighted average number of common shares outstanding:
Basic number of common shares outstanding		79,547			78,071			79,311			78,192
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		79,547			78,071			79,311			78,192
Earnings per share:
Basic	$	(0.10	)	$	(0.09	)	$	(0.23	)	$	(0.17	)
Diluted	$	(0.10	)	$	(0.09	)	$	(0.23	)	$	(0.17	)

The computations of net loss attributable to ORBCOMM Inc. common stockholders for the quarters and six months ended June 30, 2021 and 2020 are as follows:

	Quarters Ended						Six Months Ended
	June 30,						June 30,
	2021			2020			2021			2020
Net loss attributable to ORBCOMM Inc.	$	(7,641	)	$	(6,670	)	$	(18,203	)	$	(13,645	)
Preferred stock dividends on Series A convertible preferred stock		(17	)		—			(29	)		—
Net loss attributable to ORBCOMM Inc. common stockholders	$	(7,658	)	$	(6,670	)	$	(18,232	)	$	(13,645	)