InfuSystem Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2014

7.	Earnings Per Share

Basic income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted income per share assumes the issuance of potentially dilutive shares of common stock during the period. The following table reconciles the numerators and denominators of the basic and diluted income per share computations:


	Three Months Ended September 30				Nine Months Ended September 30
	2014		2013		2014		2013
Numerator:
Net income (in thousands)	$	852	$	649	$	2,321	$	805
Denominator:
Weighted average common shares outstanding:
Basic		22,203,053		21,891,041		22,108,143		21,851,798
Dilutive effect of non-vested awards		308,106		184,491		256,856		192,200

Diluted		22,511,159		22,075,532		22,364,999		22,043,998
Net income per share:
Basic	$	0.04	$	0.03	$	0.10	$	0.04
Diluted	$	0.04	$	0.03	$	0.10	$	0.04

For the three and nine months ended September 30, 2014, vested stock options of 0.1 million were not included in the calculation because they were not in-the-money.