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Income (Loss) Per Common Share (Tables)
3 Months Ended
Mar. 31, 2018
Income (Loss) Per Common Share Share  
Schedule of basic and diluted income (loss) per share and weighted average shares

 

 

 

Three months ended March 31,

 

 

 

2018

 

2017

 

 

 

(in thousands, except per share amounts)

 

Net income (loss)

 

$

(15,827

)

$

1,640

 

 

 

 

 

 

 

Net income (loss) per common share:

 

 

 

 

 

Basic

 

$

(0.34

)

$

0.04

 

Diluted

 

$

(0.34

)

$

0.04

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

46,963

 

39,619

 

Effect of potentially dilutive share-based awards

 

 

521

 

Diluted weighted average shares outstanding

 

46,963

 

40,140

 

 

 

 

 

 

 

Unvested participating shares excluded from basic weighted average shares outstanding since the securityholders are not obligated to fund losses

 

59

 

N/A

 

 

 

 

 

 

 

Common share equivalents excluded from the diluted weighted average shares outstanding since Veeco incurred a net loss and their effect would be antidilutive

 

169

 

N/A

 

 

 

 

 

 

 

Potentially dilutive non-participating shares excluded from the diluted calculation as their effect would be antidilutive

 

2,092

 

1,499

 

 

 

 

 

 

 

Maximum potential shares to be issued for settlement of Convertible Senior Notes excluded from the diluted calculation as their effect would be antidilutive

 

8,618

 

8,618