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Common Stock and Earnings per Share
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Common Stock and Earnings per Share

Note 9 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the nine months ended September 30, 2015, we issued 132 total shares of restricted common stock, 15 shares for awards granted in the first quarter of 2015 and 117 performance shares related to awards provisioned in prior years.

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unexercised common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unexercised common stock equivalents to the extent they are not anti-dilutive. The details of the earnings per share calculations for the three and nine months ended September 30, 2015 and 2014 follow:

 

VASCO Data Security International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

 

     Three months ended     Nine months ended  
     September 30,     September 30,  
     2015     2014     2015     2014  

Net income from continuing operations

   $ 11,186      $ 11,209      $ 38,710      $ 21,628   

Income (loss) from discontinued operations

     (4     (46     (42     (68
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 11,182      $ 11,163      $ 38,668      $ 21,560   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share:

        

Basic income (loss) per share

        

Continuing

   $ 0.28      $ 0.28      $ 0.97      $ 0.55   

Discontinued

     (0.00     (0.00     (0.00     (0.00
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ 0.28      $ 0.28      $ 0.97      $ 0.55   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income (loss) per share

        

Continuing

   $ 0.28      $ 0.28      $ 0.97      $ 0.55   

Discontinued

     (0.00     (0.00     (0.00     (0.00
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ 0.28      $ 0.28      $ 0.97      $ 0.55   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding:

        

Basic

     39,580        39,358        39,563        39,330   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

     39,733        39,541        39,711        39,467