EX-11.A 10 lamr-ex11a_10.htm EX-11.A lamr-ex11a_10.htm

Exhibit 11(a)

LAMAR ADVERTISING COMPANY

AND SUBSIDIARIES

Earnings Per Share Computation Information

Years ended December 31, 2017, 2016 and 2015

 

  

 

Year Ended

December 31,

2017

 

 

Year Ended

December 31,

2016

 

 

Year Ended

December 31,

2015

 

Net income applicable to common stock

 

$

317,311,000

 

 

$

298,444,000

 

 

$

262,205,000

 

Weighted average common shares outstanding

 

 

97,930,555

 

 

 

97,129,614

 

 

 

96,321,578

 

Shares issuable upon exercise of stock options

 

 

439,310

 

 

 

563,810

 

 

 

53,552

 

Incremental shares of convertible debt

 

 

 

 

 

 

 

 

 

Weighted average common shares and common equivalents

   outstanding

 

 

98,369,865

 

 

 

97,693,424

 

 

 

96,375,130

 

Net income per common share basic

 

$

3.24

 

 

$

3.07

 

 

$

2.72

 

Net income per common share diluted

 

$

3.23

 

 

$

3.05

 

 

$

2.72

 

 

The above earnings per share (EPS) calculations are submitted in accordance with Statement of Financial Accounting Standards No. 128. An EPS calculation in accordance with Regulation S-K item 601 (b) (11) is not shown above for the years ended December 31, 2017, 2016 and 2015 because it produces an antidilutive result. The following information is disclosed for purposes of calculating antidilutive EPS for that period.

 

  

 

Year Ended

December 31,

2017

 

 

Year Ended

December 31,

2016

 

 

Year Ended

December 31,

2015

 

Net income applicable to common stock

 

$

317,311,000

 

 

$

298,444,000

 

 

$

262,205,000

 

Income impact of assumed conversions

 

 

 

 

 

 

 

 

 

Income available to common shareholders plus assumed

   conversion

 

$

317,311,000

 

 

$

298,444,000

 

 

$

262,205,000

 

Weighted average common shares outstanding

 

 

97,930,555

 

 

 

97,129,614

 

 

 

96,321,578

 

Shares issuable upon exercise of stock options

 

 

439,310

 

 

 

563,810

 

 

 

53,552

 

Incremental shares from convertible debt

 

 

 

 

 

 

 

 

 

Weighted average common shares plus dilutive potential

   common shares

 

 

98,369,865

 

 

 

97,693,424

 

 

 

96,375,130

 

Net income per common share

 

$

3.23

 

 

$

3.05

 

 

$

2.72