Annual report pursuant to Section 13 and 15(d)

BASIC AND DILUTED EARNINGS PER SHARE

v3.8.0.1
BASIC AND DILUTED EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2017
Earnings Per Share, Basic and Diluted [Abstract]  
BASIC AND DILUTED EARNINGS PER SHARE
BASIC AND DILUTED EARNINGS PER SHARE

The following table is a reconciliation of the numerator and denominators used in the earnings per share calculation:
 
 
For the Year Ended December 31, 2017
 
For the Nine-Month Transition Period Ended December 31, 2016
 
 
Income (Numerator)
 
Weighted Average Shares (Denominator)
 
Per-Share
Amount
 
Income (Numerator)
 
Weighted Average Shares (Denominator)
 
Per-Share
Amount
Basic EPS
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
4,449,535

 
49,365,592

 
$
0.09

 
$
78,053

 
52,857,299

 
$
0.00

 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of Dilutive Securities
 
 
 
 
 
 
 
 
 
 
 
 
Stock options & RSUs
 

 
492,843

 
 
 

 
625,811

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders + assumed conversions
 
$
4,449,535

 
49,858,435

 
$
0.09

 
$
78,053

 
53,483,110

 
$
0.00



     Options to purchase 1,569,730 shares of common stock at a weighted average exercise price of $3.17 per share were outstanding during the year ended December 31, 2017, but were not included in the computation of diluted EPS because the effect would be anti-dilutive. These options, which expire between March 2018 and May 2020, were still outstanding at December 31, 2017.

Options to purchase 1,861,500 shares of common stock at a weighted average exercise price of $1.89 per share were outstanding during the nine-month transition period ended December 31, 2016, but were not included in the computation of diluted EPS because the effect would be anti-dilutive.