XML 74 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
Pro Forma Net (Loss) Income and (Loss) Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of pro forma net income and earnings per share
The following table sets forth the components used in the computation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2015 and 2014:
 
Three Months Ended June 30,
 
Six months ended June 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to The New Home Company Inc.
$
449,350

 
$
(1,045,355
)
 
$
5,017,996

 
$
525,856

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic weighted-average shares outstanding
16,516,546

 
16,448,750

 
16,502,578

 
15,233,473

Effect of dilutive shares:
 
 
 
 
 
 
 
Stock options and unvested restricted stock units
156,103

 
—

 
121,085

 
22,278

Diluted weighted-average shares outstanding
16,672,649

 
16,448,750

 
16,623,663

 
15,255,751

 
 
 
 
 
 
 
 
Basic earnings (loss) per share attributable to The New Home Company Inc.
$
0.03

 
$
(0.06
)
 
$
0.30

 
$
0.03

Diluted earnings (loss) per share attributable to The New Home Company Inc.
$
0.03

 
$
(0.06
)
 
$
0.30

 
$
0.03

 
 
 
 
 
 
 
 
Antidilutive stock options and unvested restricted stock units not included in diluted earnings (loss) per share
787

 
904,224

 
396

 
723,218

Basic and diluted earnings (loss) per share and pro forma basic and diluted loss per share give effect to the conversion of the Company's members' equity into common stock on January 30, 2014 as though the conversion had occurred as of the beginning of the reporting period or the original date of issuance, if later. See Note 2.
 
Three months ended June 30, 2014
 
Six months ended June 30, 2014
Loss before taxes
$
(1,686,469
)
 
$
(1,527,778
)
Pro forma income tax benefit to reflect the conversion to a C Corporation
607,129

 
550,000

Pro forma net loss
(1,079,340
)
 
(977,778
)
Net loss attributable to noncontrolling interests
33,985

 
34,485

Pro forma net loss attributable to The New Home Company Inc.
$
(1,045,355
)
 
$
(943,293
)
Pro forma basic loss per share attributable to The New Home Company Inc.
$
(0.06
)
 
$
(0.06
)
Pro forma diluted loss per share attributable to The New Home Company Inc.
$
(0.06
)
 
$
(0.06
)