ALASKA COMMUNICATIONS SYSTEMS GROUP INC

CIK:0001089511|SEC Filings
v3.21.1
Note 14 - Earnings Per Share
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

14.

EARNINGS PER SHARE

 

Earnings per share are based on the weighted average number of shares of common stock and dilutive potential common share equivalents outstanding. Basic earnings per share assumes no dilution and is computed by dividing net income attributable to Alaska Communications by the weighted average number of common shares outstanding for the period. Diluted earnings per share include the potential dilution of securities that could share in the earnings of the Company.

 

The calculation of basic and diluted earnings per share for the three-month periods ended March 31, 2021 and 2020 are as follows.

 

  

2021

  

2020

 
         

Net income attributable to Alaska Communications

 $606  $2,387 
         

Weighted average common shares outstanding:

        

Basic shares

  54,145   53,186 

Effect of stock-based compensation

  727   1,051 

Diluted shares

  54,872   54,237 
         

Net income per share attributable to Alaska Communications:

 

Basic

 $0.01  $0.04 

Diluted

 $0.01  $0.04 

 

ALASKA COMMUNICATIONS SYSTEMS GROUP, INC.

Notes to Condensed Consolidated Financial Statements

(Unaudited, In Thousands Except Per Share Amounts)