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Note 12 - Net Income (Loss) Per Share Attributable to Sterling Common Stockholders
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
12.
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 warrants 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
June 30,
  Six Months
Ended
June 30,
    2017   2016   2017   2016
Numerator:                
Net income (loss) attributable to Sterling common stockholders   $
3,662
    $
2,023
    $
1,405
    $
(5,305
)
Weighted average common shares outstanding — basic    
26,978
     
22,762
     
25,972
     
21,261
 
Shares for dilutive unvested stock and warrants    
358
     
197
     
437
     
-
 
Weighted average common shares outstanding and incremental shares assumed repurchased— diluted    
27,336
     
22,959
     
26,409
     
21,261
 
Basic income (loss) per share attributable to Sterling common stockholders   $
0.14
    $
0.09
    $
0.05
    $
(0.25
)
Diluted income (loss) per share attributable to Sterling common stockholders   $
0.13
    $
0.09
    $
0.05
    $
(0.25
)
 
In accordance with the treasury stock method approximately
0.2
million shares of unvested common stock were excluded from the diluted weighted average common shares outstanding for the
six
months ended
June 30, 2016,
as the Company incurred a loss during that period and the impact of such shares would have been antidilutive. Approximately,
1.0
million shares of common stock related to our Warrant issuance were excluded from the diluted weighted average common shares outstanding for the
three
months and
six
months ended
June 30, 2017,
as the shares were out of the money and considered anti-dilutive.