Note 11 - Net Income (Loss) per Share Attributable to Sterling Common Stockholders

9 Months Ended

Sep. 30, 2015

11.

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

Basic net income (loss) per share attributable to Sterling common stockholders is computed by dividing net income (loss) attributable to Sterling common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share attributable to Sterling common stockholders is the same as basic net income (loss) 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 income (loss) attributable to Sterling common stockholders (amounts in thousands, except per share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015			2014
Numerator:
Net income (loss) attributable to Sterling common stockholders	$	256	$	(3,935	)	$	(19,278	)	$	(2,529	)

Denominator:
Weighted average common shares outstanding — basic		19,628		18,809			19,269			17,814
Shares for dilutive unvested stock and stock options		–		–			–			–
Weighted average common shares outstanding and incremental shares assumed repurchased— diluted		19,628		18,809			19,269			17,814
Basic and diluted income (loss) per share attributable to Sterling common stockholders	$	0.01	$	(0.21	)	$	(1.00	)	$	(0.14	)

In accordance with the treasury stock method, 0.2 million and 0.4 million shares of unvested common stock and stock options were excluded from the diluted weighted average common shares outstanding for the three and nine months ended September 30, 2015, as the assumed proceeds related to these shares would purchase more shares than the unvested shares outstanding resulting in anti-dilution.

In addition, in accordance with the treasury stock method, 0.1 million and 0.1 million shares of unvested common stock and stock options were excluded from the diluted weighted average common shares outstanding for the three and nine months ended September 30, 2014, respectively, as the Company incurred a loss during these periods and the impact of such shares would have been antidilutive.