Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v2.4.0.6
Earnings Per Share (Tables)
 12 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table summarizes the computation of basic and diluted earnings per share:
 
June 30,
 
2012
 
2011
 
2010
 
(In thousands, except share and per share amounts)
Net income (loss) attributable to Magellan Petroleum Corporation
$
26,498

 
$
(32,432
)
 
$
(1,446
)
 
 
 
 
 
 
Basic weighted-average shares outstanding
53,592,958

 
52,398,936

 
51,410,596

Add: dilutive effects of stock options and unvested stock grants (1)
448,269

 
—

 
—

Diluted weighted-average common shares outstanding
$
54,041,227

 
$
52,398,936

 
$
51,410,596

 
 
 
 
 
 
Basic net loss per common share
$
0.49

 
$
(0.62
)
 
$
(0.03
)
Diluted net loss per common share
$
0.49

 
$
(0.62
)
 
$
(0.03
)
(1) There is no dilutive effect on earnings per share in periods with net losses.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Potentially dilutive securities excluded from the calculation of diluted shares outstanding include the following:
 
June 30,
 
2012
 
2011
 
2010
Stock options
100,000

 
—

 
—

Non-vested restricted stock
—

 
104,167

 
208,334

Total potentially dilutive securities
100,000

 
104,167


208,334