Years ended December 31,

2010

2011

2012

Numerator:

Income (loss) attributable to APWC from continuing operations

$

14,142

$

(6,832

)

$

12,486

Income (loss) attributable to APWC from discontinued operations

(2

)

1,393

–

Net income (loss) attributable to APWC

$

14,140

$

(5,439

)

$

12,486

Denominator (in number of shares):

Weighted-average common shares outstanding - basic and diluted

13,830,769

13,828,869

Earnings (loss) per share - basic and diluted

Continuing operations

$

1.02

$

(0.49

)

$

0.90

Discontinued operations

(0.00

)

0.10

0.00

Total earnings (loss) per share - basic and diluted

$

1.02

$

(0.39

)

$

0.90