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Earnings Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

Note 17 Computation of Net Income per Share

 

The Company presents basic and diluted earnings per share (“EPS”) amounts. Basic EPS is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the applicable period.  Diluted EPS is calculated by dividing net income available to 3D Systems’ common stockholders by the weighted average number of common and common equivalent shares outstanding during the applicable period. The following table is a reconciliation of the numerator and denominator of the basic and diluted income per share computations for the years ended December 31, 2014, 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except per share amounts)

 

2014

 

2013

 

2012

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to 3D Systems – numerator for basic net earnings per share

 

$
11,637 

 

$
44,107 

 

$
38,941 

Add: Effect of dilutive securities

 

 

 

 

 

 

 

 

 

5.50% convertible notes (after-tax)(a)

 

 

—

 

 

—

 

 

—

Numerator for diluted earnings per share

 

$
11,637 

 

$
44,107 

 

$
38,941 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares – denominator for basic net
earnings per share 

 

 
108,023 

 

 
98,393 

 

 
80,817 

Add: Effect of dilutive securities

 

 

 

 

 

 

 

 

 

Stock options and other equity compensation 

 

 

—

 

 

—

 

 
906 

5.50% convertible notes (after-tax)(a)

 

 

—

 

 

—

 

 

—

Denominator for diluted earnings per share 

 

 
108,023 

 

 
98,393 

 

 
81,723 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

$
0.11 

 

$
0.45 

 

$
0.48 

 

 

 

 

 

 

 

 

 

 

Interest expense excluded from diluted earnings per share calculation (a)

 

$

—

 

$
1,835 

 

$
9,002 

5.50% Convertible notes shares excluded from diluted earnings per share calculation (a)    

 

 

—

 

 
1,764 

 

 
5,957 

 

(a)

Average outstanding diluted earnings per share calculation excludes shares that may be issued upon conversion of the outstanding senior convertible notes since the effect of their inclusion would have been anti-dilutive.