XML 46 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Income Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

(6) Net Income Per Share

 

Basic net income per share was computed by dividing net income attributable to Stoneridge, Inc. by the weighted-average number of Common Shares outstanding for each respective period. Diluted net income per share was calculated by dividing net income attributable to Stoneridge, Inc. by the weighted-average of all potentially dilutive Common Shares that were outstanding during the periods presented. Actual weighted-average Common Shares outstanding used in calculating basic and diluted net income per share were as follows:

 

Three months ended March 31   2013     2012  
             
Basic weighted-average shares outstanding     26,601,282       26,220,313  
Effect of dilutive shares     793,759       636,561  
Diluted weighted-average shares outstanding     27,395,041       26,856,874  

 

Options not included in the computation of diluted net income per share to purchase 20,000 and 66,000 Common Shares at an average price of $15.73 and $12.00 per share were outstanding at March 31, 2013 and 2012, respectively. These outstanding options were not included in the computation of diluted net income per share because their respective exercise prices were greater than the average closing market price of Company Common Shares.

 

There were 663,750 and 675,300 performance-based restricted Common Shares outstanding at March 31, 2013 and 2012, respectively. These shares were not included in the computation of diluted net income per share because all vesting conditions have not and are not expected to be achieved as of March 31, 2013 and 2012. These shares may or may not become dilutive based on the Company’s ability to meet or exceed future performance targets.