Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.6
Earnings Per Share (Tables)
 6 Months Ended
Dec. 31, 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:
 
THREE MONTHS ENDED
 
SIX MONTHS ENDED
 
December 31,
 
December 31,
 
2012
 
2011
 
2012
 
2011
 
(In thousands, except share and per share amounts)
Net loss attributable to Magellan Petroleum Corporation
$
(7,285
)
 
$
(4,557
)
 
$
(12,594
)
 
$
(3,617
)
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
53,860,337

 
53,835,594

 
53,854,759

 
53,378,216

Add: dilutive effects of stock options and unvested stock grants (1)
—

 
—

 
—

 
—

Diluted weighted average common shares outstanding
53,860,337

 
53,835,594

 
53,854,759

 
53,378,216

 
 
 
 
 
 
 
 
Net loss per basic and diluted share outstanding
$
(0.14
)
 
$
(0.08
)
 
$
(0.23
)
 
$
(0.07
)
(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:
 
THREE MONTHS ENDED
 
SIX MONTHS ENDED
 
December 31,
 
December 31,
 
2012
 
2011
 
2012
 
2011
Stock options
—

 
—

 
—

 
7,547,826

Non-vested restricted stock
—

 
204,167

 
—

 
204,167

Total
—

 
204,167

 
—

 
7,751,993