At the same time, in line with its standard practice, Essilor has cancelled shares bought back on the market in order to offset the dilutive
impact of its stock option plans, and also of its performance share plans which are covered by shares held in treasury stock.
Convertible securities may be dilutive
on their own but anti-dilutive
when included with other potential common shares in computing diluted EPS.
The mandatory reconciliation of the numerators and denominators of basic and diluted EPS allows users to assess each security's dilutive
Where the dilutive
item is in the form of a convertible loan, an assumption is made that the conversion of the loan into equity occurred at the start of the period and consequently the related interest expense net of tax would not have been incurred by the Company.
The capital structure of a company with potentially dilutive
convertible securities, stock options, warrants or other rights.
05 per dilutive
common share, compared with net income available to common shareholders of USD806,000, or USD0.
our estimate of the dilutive
impact of the sale of Putnam on MMC's future earnings per share is necessarily based on a set of current management assumptions, including assumptions about MMC's use of sale proceeds and the operating results of Putnam and MMC's other subsidiaries;
In order to mitigate the dilutive
effect of the ESOP termination, the Company did not make a cash contribution to the ESOP to enable the ESOP to repay the Company's loan to the ESOP.
Some of the features attractive to the Company include the fact that the transaction allows us to realize some of the value of our underlying subsidiaries prior to their becoming standalone entities, the conversion premium into CDC Corporation shares is set at a high level which reduces potential dilutive
effects for our existing shareholders, and the yield we pay on the notes is very attractive.
30 per dilutive
common share (after accounting for dividends on preferred stock) for the first fiscal quarter ended December 31, 1998.
While our estimates do not include the CipherTrust acquisition, we expect it to be dilutive
to earnings in the second half of the year, which may cause us to lower our estimates further.
21 per common dilutive
share, compared with net income of $1.
Basic 2,623,999 2,575,672 2,623,999 2,575,672 Dilutive
3,034,096 2,926,492 3,034,096 2,926,492