• Filing Date: 2020-07-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Earnings Per Share (Tables)
6 Months Ended
May 31, 2020
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Actual Basic and Diluted Earnings Per Share
The following table reconciles actual basic and diluted earnings per share for the three months and six months ended May 31, 2020 and 2019 (in thousands except per share data).
 
Three Months Ended May 31,
 
Six Months Ended May 31,
 
2020(1)
 
2019(2)
 
2020(3)
 
2019(2)
Income (loss) per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
4,652

 
$
(25,868
)
 
$
17,153

 
$
(63,327
)
Net income (loss) from discontinued operations
10

 
(16
)
 
(53
)
 
(33
)
Numerator for basic EPS - net income (loss) attributable to common stockholders
$
4,662

 
$
(25,884
)
 
$
17,100

 
$
(63,360
)
       Add back convertible notes interest

 

 
1,993

 

Numerator for diluted earnings per share - net income (loss) attributable to common stockholders
$
4,652

 
$
(25,868
)
 
$
19,146

 
$
(63,327
)
Basic income (loss) per common share:
 
 
 
 
 
 
 
Basic income (loss) from continuing operations
$
0.03

 
$
(0.16
)
 
$
0.11

 
$
(0.40
)
Basic income (loss) from discontinued operations

 

 

 

Basic income (loss) per share available to common shareholders
$
0.03

 
$
(0.16
)
 
$
0.11

 
$
(0.40
)
Diluted income (loss) per common share:
 
 
 
 
 
 
 
Diluted income (loss) from continuing operations
$
0.02

 
$
(0.16
)
 
$
0.09

 
$
(0.40
)
Diluted income (loss) from discontinued operations

 

 

 

Diluted income (loss) per share available to common shareholders
$
0.02

 
$
(0.16
)
 
$
0.09

 
$
(0.40
)
Denominator:
 
 
 
 
 
 
 
Basic
157,648,168

 
156,960,046

 
157,608,707

 
156,939,797

Diluted
175,581,286

 
156,960,046

 
204,522,043

 
156,939,797



(1)
The computation of diluted EPS does not include 85,000 shares of common stock underlying options, 100,000 shares underlying stock appreciation rights and 33,918,483 shares of common stock issuable upon conversion of the 5% Convertible Notes as the effect of their inclusion would have been anti-dilutive.

(2)
The computation of diluted EPS does not include 85,000 shares of common stock underlying options, 100,000 shares of stock appreciation rights, 1,083,333 shares of restricted stock, 44,500,000 shares of common stock underlying warrants, and up to 37,918,483 shares of common stock issuable upon conversion of the 5% Convertible Notes (as defined below) and up to 181,249 shares of common stock issuable upon the conversion of the 8.5% Convertible Notes (as defined below), as the effect of their inclusion would have been anti-dilutive.

(3)
The computation of diluted EPS does not include 85,000 shares of common stock underlying options and 100,000 shares underlying stock appreciation rights as the effect of their inclusion would have been anti-dilutive.