Quarterly report pursuant to Section 13 or 15(d)

Earnings (loss) per share

v3.5.0.2
Earnings (loss) per share
9 Months Ended
Sep. 30, 2016
Earnings (loss) per share  
Earnings (loss) per share

 

Note 4 — Earnings (loss) per share

 

Basic earnings (loss) per share is determined by dividing net income or loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period.  Diluted earnings (loss) per share is determined by dividing net income or loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period, adjusted for the dilutive effect of all potential ordinary shares that were outstanding during the period.  Potentially dilutive shares are excluded when the effect would be to increase diluted earnings per share or reduce diluted loss per share.

 

The following table reconciles the numerator and denominator in the basic and diluted earnings (loss) per share computation (in thousands):

 

 

 

Three months ended
September 30,

 

Nine months ended
September 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

Numerator for basic and diluted EPS

 

 

 

 

 

 

 

 

 

Net loss

 

$

(18,494

)

$

(6,242

)

$

(56,165

)

$

(22,755

)

Deemed dividend on convertible preferred shares

 

 

 

 

(8,663

)

 

 

 

 

 

 

 

 

 

 

Net loss attributable to ordinary shareholders

 

$

(18,494

)

$

(6,242

)

$

(56,165

)

$

(31,418

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted EPS

 

 

 

 

 

 

 

 

 

Weighted average number of shares used to calculate basic and diluted loss per share

 

424,711,900

 

424,711,900

 

424,711,900

 

307,943,490

 

 

The effects of the following potentially dilutive equity instruments have been excluded from the diluted loss per share calculation because they would have an antidilutive effect on the loss per share for the period:

 

 

 

Three months ended
September 30,

 

Nine months ended
September 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of share options

 

47,392,118 

 

31,432,048 

 

44,951,407 

 

27,541,366