Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.8.0.1
Earnings per Share
3 Months Ended
Mar. 31, 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, unit purchase options (“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
 
(in thousands, except per share amounts)
 
March 31, 2018
 
March 31, 2017
 
EPS numerator:
 
 
 
 
 
 
 
Net loss
 
$
(2,424)
 
$
(1,214)
 
Less: Premium paid on redemption of redeemable convertible preferred stock
 
 
2,219
 
 
-
 
Less: Dividends on cumulative redeemable convertible preferred stock
 
 
(113)
 
 
238
 
Net loss attributable to Limbach Holdings, Inc. common stockholders
 
$
(4,530)
 
$
(1,452)
 
 
 
 
 
 
 
 
 
EPS denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
 
 
7,541
 
 
7,455
 
Weighted average shares outstanding – diluted
 
 
7,541
 
 
7,455
 
 
 
 
 
 
 
 
 
Basic EPS attributable to common stockholders:
 
 
 
 
 
 
 
Net loss attributable to Limbach Holdings, Inc. common stockholders
 
$
(0.60)
 
$
(0.19)
 
Diluted EPS attributable to common stockholders:
 
 
 
 
 
 
 
Net loss attributable to Limbach Holdings, Inc. common stockholders
 
$
(0.60)
 
$
(0.19)
 
 
The following table summarizes the securities that were antidilutive, and therefore, were not included in the computations of diluted loss per common share:
 
 
 
Three months ended
 
(in thousands)
 
March 31, 2018
 
March 31, 2017
 
Warrants (See Note 8)
 
 
387,437
 
 
680,607
 
Class A Preferred stock (See Note 9)
 
 
68,444
 
 
800,000
 
Stock-based compensation (See Note 17)
 
 
46,948
 
 
-
 
UPOs (See Note 8)
 
 
5,176
 
 
6,913
 
Total
 
 
508,005
 
 
1,487,520