Green Dot 2014 Annual Report Download - page 90

Note 13—Income Taxes (continued)
Year Ended December 31,
2014 2013 2012
(In thousands)
Beginning balance $3,724 $1,481 $—
Increases related to positions taken during prior years 856 931 970
Increases related to positions taken during the current year 1,609 1,312 511
Ending balance $6,189 $3,724 $1,481
The total amount of unrecognized tax benefits that, if
recognized, would affect the effective tax rate $6,189 $3,724 $1,481
We recognized accrued interest and penalties related to unrecognized tax benefits for the years ended
December„31, 2014, 2013 and 2012, of approximately $361,000, $338,000 and $0, respectively.
GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)
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Note 14—Earnings per Common Share
In August 2013, the issued and outstanding shares of our Class B Common Stock declined to less than 10% of
the aggregate number of issued and outstanding shares of our Class A Common Stock and Class B Common Stock.
Pursuant to the terms of Article V of our Certificate of Incorporation, the issued and outstanding shares of our Class
B common stock automatically converted into shares of our Class A common stock. Following this automatic conversion,
there is now only a single class of our common stock outstanding.
The calculation of basic and diluted EPS was as follows:
Year Ended December 31,
2014 2013 2012
(In thousands, except per share data)
Basic earnings per Class€A common share
Net income $42,693 $34,040 $47,219
Income attributable to preferred stock (4,842)(5,360)(7,599)
Income attributable to other classes of common stock (349)(642)(1,400)
Net income allocated to Class„A common stockholders $37,502 $28,038 $38,220
Weighted-average Class„A shares issued and outstanding 40,907 35,875 34,499
Basic earnings per Class„A common share $0.92 $0.78 $1.11
Diluted earnings per Class€A common share
Net income allocated to Class„A common stockholders $37,502 $28,038 $38,220
Re-allocated earnings 94 172 293
Diluted net income allocated to Class„A common stockholders $37,596 $28,210 $38,513
Weighted-average Class„A shares issued and outstanding 40,907 35,875 34,499
Dilutive potential common shares:
Stock options 640 1,078 1,369
Restricted stock units 220 203 43
Employee stock purchase plan 3— 22
Diluted weighted-average Class„A shares issued and outstanding 41,770 37,156 35,933
Diluted earnings per Class„A common share $0.90 $0.76 $1.07
As of December„31, 2014, 147,192 shares of Class„A common stock issued to Walmart were subject to our
repurchase right. Basic and diluted EPS for these shares were the same as basic and diluted EPS for our Class„A
common stock for the years ended December„31, 2014, 2013 and 2012.
For the years ended December„31, 2013 and 2012, we excluded from the computation of basic EPS all shares
issuable under an unvested warrant to purchase 4,283,456 shares of our Class„A common stock, as the related
performance conditions had not been satisfied.