Tellurian Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

(Loss) Earnings Per Share (Tables)

(Loss) Earnings Per Share (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of (Loss) Earnings Per Share, Basic and Diluted

The following table summarizes the computation of basic and diluted (loss) earnings per share for the fiscal years ended:



	June 30,
	2015			2014
	(In thousands, except share and per share amounts)
Loss from continuing operations, net of tax	$	(43,411	)	$	(10,042	)
Preferred stock dividend	(1,740		)	(1,696		)
Net loss from continuing operations, including preferred stock dividends	(45,151		)	(11,738		)
Net income from discontinued operations	—			25,551
Net loss attributable to non-controlling interest in subsidiary	411			—
Net income (loss) attributable to common stockholders	$	(44,740	)	$	13,813

Basic weighted-average shares outstanding	5,710,288			5,671,603
Add: dilutive effects of in-the-money stock options and non-vested restricted stock grants ⁽¹⁾	—			—
Diluted weighted-average common shares outstanding	5,710,288			5,671,603

Basic net (loss) earnings per common share:
Net loss from continuing operations attributable to Magellan Petroleum Corporation, including preferred stock dividends ⁽²⁾	$(7.83)			$(2.07)
Net income from discontinued operations	$0.00			$4.51
Net (loss) income attributable to common stockholders	$(7.83)			$2.44

Diluted net (loss) earnings per common share
Net loss from continuing operations attributable to Magellan Petroleum Corporation, including preferred stock dividends⁽²⁾	$(7.83)			$(2.07)
Net income (loss) from discontinued operations	$0.00			$4.51
Net (loss) income attributable to common stockholders	$(7.83)			$2.44

⁽¹⁾ All diluted earnings per share calculations are dictated by the results from continuing operations; accordingly there were no dilutive effects on earnings per share in the periods presented since all such periods had a net loss from continuing operations.

⁽²⁾ Loss from continuing operations is reduced by the contractual amount of Preferred stock dividends that must be expensed for the current period.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Potentially dilutive securities excluded from the calculation of diluted shares outstanding in fiscal years with net losses from continuing operations are as follows:



	June 30,
	2015	2014
In-the-money stock options	27,673	65,723
Non-vested restricted stock	25,000	56,250
Common shares issuable upon conversion of Series A Preferred Stock	2,644,278	2,510,174
.	2,696,951	2,632,147