IHOP 2008 Annual Report Download - page 140

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DineEquity, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements (Continued)
21. Net (Loss) Income Per Share
The computation of the Company’s basic and diluted net (loss) income per share is as follows:
Year Ended December 31,
2008 2007 2006
(In thousands, except per share
data)
Numerator for basic and dilutive income (loss) per common share:
Net (loss) income ....................................... $(154,459) $ (480) $44,553
Less: Series A preferred stock dividends ..................... (19,000) (1,561)
Less: Accretion of Series B preferred stock ................... (2,151) (181)
Less: Share of net loss allocated to unvested participating restricted
stock ............................................. 6,417 — —
(Loss) income available to common stockholders ................ $(169,193) $(2,222) $44,553
Denominator:
Weighted average outstanding shares of common stock ............ 16,764 17,232 18,085
Dilutive effect of:
Common stock equivalents ............................... — 213
Common stock and common stock equivalents .................. 16,764 17,232 18,298
Net (loss) income per common share:
Basic ............................................... $ (10.09) $ (0.13) $ 2.46
Diluted ............................................. $ (10.09) $ (0.13) $ 2.43
For the years ended December 31, 2008 and 2007, diluted loss per common share is computed
using the weighted average number of common shares outstanding during the period, as the 756,000
and 627,000 shares, respectively, from common stock equivalents would have been antidilutive.
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