Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.6
Earnings Per Share (Tables)
 9 Months Ended
Mar. 31, 2013
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
 
NINE MONTHS ENDED
 
March 31,
 
March 31,
 
2013
 
2012
 
2013
 
2012
 
(In thousands, except share and per share amounts)
Net loss attributable to Magellan Petroleum Corporation
$
(4,332
)
 
$
(4,590
)
 
$
(16,928
)
 
$
(8,207
)
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
46,084,149

 
53,835,594

 
51,302,369

 
53,592,958

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

 
—

 
—

 
—

Diluted weighted average common shares outstanding
46,084,149

 
53,835,594

 
51,302,369

 
53,592,958

 
 
 
 
 
 
 
 
Net loss per basic and diluted share outstanding
$
(0.09
)
 
$
(0.09
)
 
$
(0.33
)
 
$
(0.15
)
(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
 
NINE MONTHS ENDED
 
March 31,
 
March 31,
 
2013
 
2012
 
2013
 
2012
Stock options
75,000

 
4,422,826

 
82,500

 
7,522,826

Non-vested restricted stock
—

 
204,167

 
—

 
204,167

Total
75,000

 
4,626,993

 
82,500

 
7,726,993