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Note 9 - Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2011
EARNINGS (LOSS) PER SHARE  
EARNINGS (LOSS) PER SHARE [Text Block]

9.                  EARNINGS (LOSS) PER SHARE

 

The Company computes earnings (loss) per share in accordance with ASC 260 “Earning Per Share”. Basic net earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per share is computed by dividing net income (loss) by the sum of the weighted-average number of common shares outstanding and if dilutive, the potential common shares outstanding during the period.

 

The following table sets forth the computation of basic and diluted earnings (loss) attributable to common shareholders per share:

 

Years ended December 31,

 

 

2009

 

2010

 

2011

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Income (loss) attributable to APWC from continuing operations

 

$ 9,858

 

$ 14,142

 

$ (6,832)

Income (loss) attributable to APWC from discontinued operations

 

231

 

(2)

 

1,393

Net income (loss) attributable to APWC

 

$ 10,089

 

$ 14,140

 

$ (5,439)

 

 

 

 

 

 

 

Denominator (in number of shares):

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic and diluted

 

13,830,769

 

13,830,769

 

13,830,769

 

 

 

 

 

 

 

Earnings (loss) per share - basic and diluted

 

 

 

 

 

 

Continuing operations

 

$ 0.71

 

$ 1.02

 

$ (0.49)

Discontinued operations

 

0.02

 

(0.00)

 

0.10

Total earnings (loss) per share - basic and diluted

 

$ 0.73

 

$ 1.02

 

$ (0.39)