Note 12 - Net (Loss) Income per Share Attributable to Sterling Common Stockholders

3 Months Ended

Mar. 31, 2015

12.	Net (Loss) Income per Share Attributable to Sterling Common Stockholders

Basic net (loss) income per share attributable to Sterling common stockholders is computed by dividing net (loss) income attributable to Sterling common stockholders by the weighted average number of common shares outstanding during the period. Diluted net (loss) income per common share attributable to Sterling common stockholders is the same as basic net (loss) income per share attributable to Sterling common stockholders but includes dilutive unvested stock and stock options using the treasury stock method. The following table reconciles the numerators and denominators of the basic and diluted per common share computations for net (loss) income attributable to Sterling common stockholders (amounts in thousands, except per share data):

	Three Months Ended March 31,
	2015			2014
Numerator:
Net (loss) income attributable to Sterling common stockholders	$	(16,992	)	$	205

Denominator:
Weighted average common shares outstanding – basic		18,902			16,668
Shares for dilutive unvested stock and stock options		-			187
Weighted average common shares outstanding and incremental shares assumed repurchased – diluted		18,902			16,855
Basic and diluted (loss) earnings per share attributable to Sterling common stockholders	$	(0.90	)	$	0.01

In accordance with the treasury stock method, no shares of unvested common stock and stock options were excluded from the diluted weighted average common shares outstanding for the three months ended March 31, 2015, as the assumed proceeds related to these shares would purchase more shares than the unvested shares outstanding resulting in anti-dilution.

- Definition

The entire disclosure for earnings per share.

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