Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.2.0.727
Earnings Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share  
Earnings Per Share

J. EARNINGS PER SHARE

 

Basic and diluted earnings per share was computed as follows (in thousands except share and per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

 

2015

 

2014

 

2015

 

2014

 

Net income (loss)

    

$
6,400

    

$
5,830

    

$
2,600

    

$
(2,750)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 
37,667,947

 

 
37,667,947

 

 
37,667,947

 

 
37,667,947

 

Basic earnings (loss) per share

 

$
0.17

 

$
0.15

 

$
0.07

 

$
(0.07)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding

 

 
37,667,947

 

 
37,667,947

 

 
37,667,947

 

 
37,667,947

 

Diluted earnings (loss) per share

 

$
0.17

 

$
0.15

 

$
0.07

 

$
(0.07)

 

 

On June 30, 2015, we distributed 37.7 million shares of our common stock to Masco shareholders in conjunction with the Separation.  The computation of basic and diluted earnings per common share for all periods presented was calculated using the shares distributed on the Effective Date. 

 

Subsequent to June 30, 2015, a total of 1.0 million of restricted stock award replacements, stock option replacements, founders restricted stock awards, founders stock options and Director restricted stock awards were issued.