XML 43 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share

7. Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 260 Earnings Per Share (“EPS”) requires dual presentation of basic EPS and diluted EPS on the face of all income statements. Basic EPS is computed as net income divided by the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects potential dilution that could occur if securities or other contracts, which, for the Company, consists of options to purchase shares of the Company’s common stock, are exercised.

The components of basic and diluted earnings per share were as follows:

 

     Three Months Ended
September 30		      Nine Months Ended
September 30		  
     2013      2012      2013      2012  

Numerator:

            

Net income attributable to American Vanguard

    $ 8,870       $ 8,076       $ 34,171       $ 25,554   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Weighted averages shares outstanding

      28,322         27,970         28,295         27,818   

Assumed exercise of stock options and restricted shares-fully diluted

      567         908         595         855   
  

 

 

     

 

 

     

 

 

     

 

 

  
     28,889         28,878         28,890         28,673