XML 35 R20.htm IDEA: XBRL DOCUMENT v3.3.1.900
EARNINGS PER SHARE DATA
 12 Months Ended
Dec. 31, 2015
EARNINGS PER SHARE DATA [Abstract]  
EARNINGS PER SHARE DATA
NOTE 12 - EARNINGS PER SHARE DATA

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities. In 2015, we excluded the potential dilution of convertible preferred stock, which could be converted into 840,000 shares because they would be anti-dilutive.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):

  
December 31,
 
          
  
2015
  
2014
  
2013
 
Basic:
         
Weighted average shares outstanding
  
14,423
   
14,639
   
14,439
 
             
Net income (loss) attributable to DXP Enterprises, Inc.
 
$
(38,536
)
 
$
(45,238
)
 
$
60,237
 
Convertible preferred stock dividend
  
(90
)
  
(90
)
  
(90
)
Net income (loss)  attributable to common shareholders
 
$
(38,626
)
 
$
(45,328
)
 
$
60,147
 
Per share amount
 
$
(2.68
)
 
$
(3.10
)
 
$
4.17
 
             
Diluted:
            
Weighted average shares outstanding
  
14,423
   
14,639
   
14,439
 
Assumed conversion of convertible preferred stock
  
-
   
-
   
840
 
Total dilutive shares
  
14,423
   
14,639
   
15,279
 
Net income (loss) attributable to common shareholders
 
$
(38,626
)
 
$
(45,328
)
 
$
60,147
 
Convertible preferred stock dividend
  
-
   
-
   
90
 
Net income (loss) attributable to DXP Enterprises, Inc. for diluted earnings per share
 
$
(38,626
)
 
$
(45,328
)
 
$
60,237
 
Per share amount
 
$
(2.68
)
 
$
(3.10
)
 
$
3.94
 

Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the period and excludes dilutive securities. Diluted earnings per share reflects the potential dilution that could occur if the preferred stock was converted into common stock. Restricted stock is considered a participating security and is included in the computation of basic earnings per share as if vested. Because holders of Preferred Stock do not participate in losses, the loss was not allocated to Preferred Stock for fiscal year 2015. The Preferred Stock is convertible into 840,000 shares of common stock.