Quarterly report pursuant to Section 13 or 15(d)

Per Share Data

v2.4.0.8
Per Share Data
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data

Basic net income per share is computed by dividing net income attributable to the Company, decreased by dividends declared on preferred stock, by the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options and warrants is included in diluted earnings per share utilizing the treasury stock method. A reconciliation of basic and diluted common shares used in the computation of per share data follows:
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
Basic weighted-average shares
182,988,516

 
181,759,305

 
182,082,141

 
182,895,952

Effect of dilutive securities:
 
 
 
 

 
 
     Common stock options
18,424,579

 

 
15,289,845

 

     Warrants to purchase common stock
9,122,277

 

 
7,871,369

 

Dilutive potential common shares
27,546,856

 

 
23,161,214

 

Weighted average common shares outstanding and dilutive potential common shares
210,535,372

 
181,759,305

 
205,243,355

 
182,895,952



For the three and nine months ended September 30, 2014, options to purchase 3,358,000 shares of common stock and for the three and nine months ended September 30, 2013 options and warrants to purchase 57,007,593 shares of common stock, were not included in the computation of diluted loss per share as the effect would have been anti-dilutive.