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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

(11)  Earnings (Loss) Per Share

 

The Company presents basic and diluted earnings per share (“EPS”) amounts. Basic EPS is calculated by dividing net income (loss) attributable to 3D Systems Corporation available to common stockholders by the weighted average number of common shares outstanding during the applicable period. Diluted EPS is calculated by dividing net income (loss) by the weighted average number of common and common equivalent shares outstanding during the applicable period. For the quarter ended March 31, 2015, restricted stock units were antidilutive because of the net loss, and, as such, their effect has not been included in the calculation of diluted earnings (loss) per share.

 

The following table reconciles basic weighted average outstanding shares to diluted weighted average outstanding shares at March 31, 2015 and 2014:

 

 

 

 

 

 

 

 

 

Quarter Ended March 31,

(in thousands, except per share amounts)

2015

 

2014

Numerator for basic and diluted net earnings per share:

 

 

 

 

 

Net income (loss) attributable to 3D Systems Corporation

$
(13,181)

 

$
4,877 

 

 

 

 

 

 

Denominator for basic and diluted net earnings per share:

 

 

 

 

 

Weighted average shares

 
111,731 

 

 
103,546 

 

 

 

 

 

 

Earnings (loss) per share, basic and diluted

$
(0.12)

 

$
0.05 

 

 

 

 

 

 

Interest expense excluded from diluted earnings per share calculation (a)

$

—

 

$
156 

5.50% Convertible notes shares excluded from diluted earnings per share calculation (a)

 

—

 

 
876 

 

(a)

Average outstanding diluted earnings per share calculation excludes shares that may be issued upon conversion of the outstanding senior convertible notes since the effect of their inclusion would have been anti-dilutive.

 

For the quarter ended March 31, 2015, average common shares for basic and diluted loss per share was 111,731 and basic and diluted loss per share was $0.12. For the quarter ended March 31, 2014, average common shares for basic and diluted earnings per share was 103,546 and basic and diluted earnings per share was $0.05.