Shake Shack 2016 Annual Report Download - page 99
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Table of Contents
The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock
for fiscal 2015 , 2014 and 2013 .
2015
2014
2013
Numerator:
Net income $ 3,124
$ 2,118
$ 5,423
Less: net income attributable to non-controlling interests 11,900
—
—
Net income (loss) attributable to Shake Shack Inc. $ (8,776)
$ 2,118
$ 5,423
Denominator:
Weighted-average shares of Class A common stock outstanding—basic 13,588
29,977
29,934
Effect of dilutive securities:
Restricted Class B units —
145
84
Weighted-average shares of Class A common stock outstanding—diluted 13,588
30,122
30,018
Earnings per share of Class A common stock—basic $ (0.65)
$ 0.07
$ 0.18
Earnings per share of Class A common stock—diluted $ (0.65)
$ 0.07
$ 0.18
2,574,981 stock options were excluded from the computation of diluted earnings per share of Class A common stock for fiscal 2015 because the effect would have
been anti-dilutive as we recorded a net loss for the period.
Shares of our Class B common stock do not share in the earnings or losses of Shake Shack and are therefore not participating securities. As such, separate
presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been presented. Shares of our Class B common
stock are, however, considered potentially dilutive shares of Class A common stock. After evaluating the potential dilutive effect under the if-converted and two-
class methods, the 16,460,741 shares of Class B common stock outstanding as of December 30, 2015 were determined to be anti-dilutive and have therefore been
excluded from the computations of diluted earnings per share of Class A common stock.
97 | Shake Shack Inc. Form 10-K