v2.4.0.6
Net Earnings per Common Share
 9 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Net Earnings per Common Share

11. Net Earnings per Common Share

Basic net earnings per common share is based on the weighted-average number of common shares outstanding during each reporting period. Diluted net earnings per common share is based on the weighted-average number of common shares outstanding during each reporting period, plus, when their effect is dilutive, potential common shares consisting of common shares underlying certain unexercised stock options and unvested time-based and performance-based RSUs.

 

R.G. BARRY CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

for the Third Quarter and Nine-month period of Fiscal 2012 and the Third Quarter and Nine-month period of Fiscal 2011

(dollar amounts in thousands, except per share data)

 

The following table presents a reconciliation of the denominator used for each period in computing basic and diluted earnings per common share, with common shares in the table represented in thousands:

 

                                 
    Third Quarter     Nine-month period  
    Fiscal 2012     Fiscal 2011     Fiscal 2012     Fiscal 2011  

Numerator:

                                

Net earnings (loss)

   $ 834     $ (42 )    $ 14,075     $ 8,373  
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

                                

Weighted-average common shares outstanding

     11,245       11,123       11,187       11,086  

Effect of potentially dilutive securities: stock options and RSUs

     199       —         201       126  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding, assuming dilution

     11,444       11,123       11,388       11,212  
   

 

 

    

 

 

    

 

 

    

 

 

  

Basic net earnings per common share

   $ 0.07     $ 0.00     $ 1.26     $ 0.76  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted net earnings per common share

   $ 0.07     $ 0.00     $ 1.24     $ 0.75  
   

 

 

    

 

 

    

 

 

    

 

 

  

The Company excluded stock options to purchase approximately zero and three thousand common shares, respectively, from the calculation of diluted net earnings per share for the third quarter, and the nine-month period, of fiscal 2012, respectively, due to the anti-dilutive nature of these stock options measured using the average market prices of the underlying common shares. The Company excluded stock options to purchase approximately 138 thousand and zero common shares, respectively, from the calculation of diluted net earnings per share for the third quarter and the nine-month period of fiscal 2011, respectively.