Amor, from my notes:
formula for basic EPS:
Net income
– preferred div (all cumulative and declared non-cumulative)
= earnings available for common stock
/
wtd avg # c/s outstanding (divs and splits are retroactive)
= EPS
formula for diluted EPS:
Net income
+ (2) preferred div (all cumulative and declared non-cumulative,
not net of tax)
+ (2) interest expense saved from convertible bonds (net of tax)
+ (3) $0 from treasury stock
= earnings available for common stock
/
(1) wtd avg # c/s outstanding (divs and splits are retroactive)
+ (2) # of shares convertible security is converted into for both
preferred stock and convertible bonds
+ (3) Incremental # of c/s outstanding from treasury stock
method at avg market price (not weighted)
= EPS
Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!
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.