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Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2015
Earnings (Loss) Per Share [Abstract]  
Earnings Per Share

(10)  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 nine months ended September 30, 2015 and 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended September 30,

 

Nine Months Ended September 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

$
(32,249)

 

$
3,084 

 

$
(59,126)

 

$
10,086 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 
112,010 

 

 
110,737 

 

 
111,920 

 

 
106,923 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share, basic and diluted

$
(0.29)

 

$
0.03 

 

$
(0.53)

 

$
0.09 

 

 

 

 

 

 

 

 

 

 

 

 

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

$

—

 

$

—

 

$

—

 

$
362 

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

 

—

 

 

—

 

 

—

 

 
584 

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

 
109 

 

 

—

 

 
61 

 

 

—

 

(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.