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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2015
Earnings (Loss) Per Share [Abstract]  
Earnings Per Share

(11)  Earnings (Loss) Per Share

 

The Company presents basic and diluted earnings (loss) 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.

 

The following table reconciles basic weighted average outstanding shares to diluted weighted average outstanding for the quarter and six months ended June 30, 2015 and 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended June 30,

 

Six Months Ended June 30,

(in thousands, except per share amounts)

2015

 

2014

 

2015

 

2014

Numerator for basic and diluted net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to 3D Systems Corporation

$
(13,696)

 

$
2,125 

 

$
(26,877)

 

$
7,002 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 
112,017 

 

 
106,407 

 

 
111,875 

 

 
104,985 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share, basic and diluted

$
(0.12)

 

$
0.02 

 

$
(0.24)

 

$
0.07 

 

 

 

 

 

 

 

 

 

 

 

 

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

$

—

 

$
206 

 

$

—

 

$
362 

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

 

—

 

 
876 

 

 

—

 

 
876 

Restricted stock units excluded from diluted earnings per share calculation (b)

 
40 

 

 

—

 

 
37 

 

 

—

 

(a)

Average outstanding diluted earnings (loss) 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. 

(b)

Average outstanding diluted earnings (loss) per share calculation excludes restricted stock units since the effect of their inclusion would have been anti-dilutive.