Overstock.com 2012 Annual Report Download - page 104
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Table of Contents
We have tax deductions from stock-based compensation that exceed the stock-based compensation recorded for such instruments. To the extent
such excess tax benefits are ultimately realized, they will increase shareholders' equity. We utilize the with-and without approach in determining if and
when such excess tax benefits are realized, and under this approach excess tax benefits related to stock based compensation are the last to be realized.
Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shares by the weighted average number of
common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) attributable to common
shares for the period by the weighted average number of common and potential common shares outstanding during the period. Potential common
shares, comprising incremental common shares issuable upon the exercise of stock options, restricted stock awards and convertible senior notes are
included in the calculation of diluted earnings (loss) per common share to the extent such shares are dilutive.
The following table sets forth the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands,
except per share data):
The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):
We adopted ASU 2011-04, which amends current guidance to achieve common fair value measurement and disclosure requirements in
U.S. GAAP and International Financial Reporting
F-17
Net income (loss) $ 14,669 $ (19,438) $ 13,889
Deemed dividend related to redeemable common stock — (12) (112)
Net income (loss) attributable to common shares $ 14,669 $ (19,450) $ 13,777
Net income (loss) per common share—basic:
Net income (loss) attributable to common shares—basic $ 0.63 $ (0.84) $ 0.60
Weighted average common shares outstanding—basic 23,387 23,259 23,019
Effect of dilutive securities:
Stock options and restricted stock awards 285 — 347
Convertible senior notes — — —
Weighted average common shares outstanding—diluted 23,672 23,259 23,366
Net income (loss) attributable to common shares—diluted $ 0.62 $ (0.84) $ 0.59
Stock options and restricted stock units 537 927 551
Convertible senior notes — — 454