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Loss Per Share
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2012
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| Loss Per Share |
13. Loss Per Share
Earnings per share present both “basic” earnings per share and “diluted” earnings per share. Basic earnings per share are computed by dividing earnings available to common shareholders by the weighted-average shares of common stock outstanding during the period. For the purposes of calculating diluted earnings per share, the denominator includes both the weighted average number of shares of common stock outstanding during the period and the weighted average number of shares of potential common stock, such as stock options and restricted stock units and warrants, calculated using the treasury stock method.
For the three months ended April 30, 2012 and 2011, there were 1,616,207 and 1,932,693 shares of common stock equivalents, respectively, would have been anti-dilutive based on our stock price being lower than the option exercise price.
Below is a summary of the shares used in calculating basic and diluted income per share for the periods indicated:
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