XML 72 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings Per Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share:
The following is a reconciliation of the numerators and denominators of the basic and diluted net loss from continuing and discontinued operations per share computations for the three and six months ended June 30, 2015 and 2014 (in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Net loss (Numerator):
 
 
 
 
 
 
 
Net loss from continuing operations attributable to Echelon Corporation Stockholders
$
(5,163
)
 
$
(3,272
)
 
$
(6,587
)
 
$
(5,832
)
Net loss from discontinued operations attributable to Echelon Corporation Stockholders

 
(5,340
)
 

 
(6,753
)
Net loss attributable to Echelon Corporation Stockholders
$
(5,163
)
 
$
(8,612
)
 
$
(6,587
)
 
$
(12,585
)
Shares (Denominator):
 
 
 
 
 
 
 
Weighted average common shares outstanding
44,062

 
43,325

 
44,037

 
43,295

Shares used in basic computation
44,062

 
43,325

 
44,037

 
43,295

Common shares issuable upon exercise of stock options (treasury stock method)

 

 

 

Shares used in diluted computation
44,062

 
43,325

 
44,037

 
43,295

Net loss per share:
 
 
 
 
 
 
 
Basic and diluted net loss per share from continuing operations attributable to Echelon Corporation Stockholders
$
(0.12
)
 
$
(0.08
)
 
$
(0.15
)
 
$
(0.13
)
Basic and diluted net loss per share from discontinued operations attributable to Echelon Corporation Stockholders
$
0.00

 
$
(0.12
)
 
$
0.00

 
$
(0.16
)
Basic and diluted net loss per share attributable to Echelon Corporation Stockholders
$
(0.12
)
 
$
(0.20
)
 
$
(0.15
)
 
$
(0.29
)


For the three and six months ended June 30, 2015 and 2014, the diluted net loss per share calculation is equivalent to the basic net loss per share calculation from continuing operations, discontinued operations, and total net loss attributable to Echelon Corporation Stockholders as there were no potentially dilutive stock options due to the Company’s net loss position. The number of stock options, stock appreciation rights, restricted stock units (“RSUs”), restricted stock awards (“RSAs”), and contingently issuable shares excluded from this calculation for the three and six months ended June 30, 2015 and 2014 was 3,820,881 and 5,546,747, respectively.