Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.10.0.1
Earnings per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 11 –
Earnings per Share
 
Diluted EPS assumes the dilutive effect of outstanding common stock warrants, UPOs and RSUs, all using the treasury stock method, and the dilutive effect of the Class A Preferred Stock, using the “if-converted” method.
  
 
 
Three months ended

September 30,
 
 
Nine months ended

September 30,
 
(in thousands, except per share amounts)
 
2018
 
 
2017
 
 
2018
 
 
2017
 
EPS numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(3,505
)
 
$
128
 
 
$
(5,219
)
 
$
(417
)
Less: Premium paid on redemption of redeemable convertible preferred stock
 
 
-
 
 
 
847
 
 
 
2,219
 
 
 
847
 
Less: Undistributed preferred stock dividends
 
 
-
 
 
 
149
 
 
 
(113
)
 
 
631
 
Net loss attributable to Limbach Holdings, Inc. common stockholders
 
$
(3,505
)
 
$
(868
)
 
$
(7,325
)
 
$
(1,895
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EPS denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
 
 
7,575
 
 
 
7,472
 
 
 
7,553
 
 
 
7,460
 
Impact of dilutive securities
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Weighted average shares outstanding – diluted
 
 
7,575
 
 
 
7,472
 
 
 
7,553
 
 
 
7,460
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS attributable to common stockholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Limbach Holdings, Inc. common stockholders
 
$
(0.46
)
 
$
(0.12
)
 
$
(0.97
)
 
$
(0.25
)
Diluted EPS attributable to common stockholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Limbach Holdings, Inc. common stockholders
 
$
(0.46
)
 
$
(0.12
)
 
$
(0.97
)
 
$
(0.25
)
 
The following table summarizes the securities that were
antidilutive or out-of-the-money, and t
herefore, were not included in the computations of diluted loss per common share:
 
 
 
Three months ended

September 30,
 
 
Nine months ended

September 30,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Warrants (See Note 8)
 
 
630,645
 
 
 
345,013
 
 
 
299,795
 
 
 
459,978
 
Class A Preferred Stock (See Note 9)
 
 
-
 
 
 
593,913
 
 
 
22,564
 
 
 
730,549
 
Stock-based compensation (See Note 17)
 
 
60,914
 
 
 
5,738
 
 
 
56,331
 
 
 
1,934
 
UPOs (See Note 8)
 
 
1,816
 
 
 
4,886
 
 
 
3,279
 
 
 
5,581
 
Total
 
 
693,375
 
 
 
949,550
 
 
 
381,969
 
 
 
1,198,042