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, 2015

8. 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
	2015		2014		2015		2014
Numerator:
Net income (in thousands)	$	1,369	$	852	$	1,737	$	2,321
Denominator:
Weighted average common shares outstanding:
Basic		22,448,849		22,203,053		22,380,202		22,108,143
Dilutive effect of non-vested awards		389,522		308,106		389,513		256,856

Diluted		22,838,371		22,511,159		22,769,715		22,364,999
Net income per share:
Basic	$	0.06	$	0.04	$	0.08	$	0.10
Diluted	$	0.06	$	0.04	$	0.08	$	0.10

For the three and nine months ended September 30, 2015, 0.2 million and 0.1 million, respectively, of stock options were not included in the calculation because they would have an anti-dilutive effect. For the similar periods in 2014, 0.1 million of stock options were not included in the calculation because they would have an anti-dilutive effect.