| Schedule of Earnings Per Share, Basic and Diluted |
The following table summarizes the computation of basic and diluted earnings per share:
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THREE MONTHS ENDED |
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SIX MONTHS ENDED |
|
December 31, |
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December 31, |
|
2014 |
|
2013 |
|
2014 |
|
2013 |
|
(In thousands, except share and per share amounts) |
Loss from continuing operations |
$ |
(2,885 |
) |
|
$ |
(2,610 |
) |
|
$ |
(5,513 |
) |
|
$ |
(6,292 |
) |
Preferred stock dividend |
(430 |
) |
|
(421 |
) |
|
(859 |
) |
|
(835 |
) |
Net loss from continuing operations, including preferred stock dividends |
(3,315 |
) |
|
(3,031 |
) |
|
(6,372 |
) |
|
(7,127 |
) |
Net loss from discontinued operations |
— |
|
|
(1,502 |
) |
|
— |
|
|
(2,656 |
) |
Net loss attributable to non-controlling interest in subsidiary |
170 |
|
|
— |
|
|
170 |
|
|
— |
|
Net loss attributable to common stockholders |
$ |
(3,145 |
) |
|
$ |
(4,533 |
) |
|
$ |
(6,202 |
) |
|
$ |
(9,783 |
) |
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|
|
|
Basic weighted average shares outstanding |
45,677,540 |
|
|
45,348,709 |
|
|
45,666,211 |
|
|
45,348,774 |
|
Add: dilutive effects of in-the-money stock options and non-vested restricted stock grants |
— |
|
|
— |
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|
— |
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|
— |
|
Diluted weighted average common shares outstanding |
45,677,540 |
|
|
45,348,709 |
|
|
45,666,211 |
|
|
45,348,774 |
|
|
|
|
|
|
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|
Basic loss per common share: |
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|
|
|
Net loss from continuing operations attributable to Magellan Petroleum Corporation, including preferred stock dividends
|
$(0.07) |
|
$(0.07) |
|
$(0.14) |
|
$(0.16) |
Net loss from discontinued operations |
$0.00 |
|
$(0.03) |
|
$0.00 |
|
$(0.06) |
Net loss attributable to common stockholders |
$(0.07) |
|
$(0.10) |
|
$(0.14) |
|
$(0.22) |
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|
|
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|
|
|
Diluted loss per common share: |
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|
|
|
|
Net loss from continuing operations attributable to Magellan Petroleum Corporation, including preferred stock dividends
|
$(0.07) |
|
$(0.07) |
|
$(0.14) |
|
$(0.16) |
Net loss from discontinued operations |
$0.00 |
|
$(0.03) |
|
$0.00 |
|
$(0.06) |
Net loss attributable to common stockholders |
$(0.07) |
|
$(0.10) |
|
$(0.14) |
|
$(0.22) |
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Potentially dilutive securities excluded from the calculation of diluted shares outstanding in periods with net losses are as follows:
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THREE MONTHS ENDED |
|
SIX MONTHS ENDED |
|
December 31, |
|
December 31, |
|
2014 |
|
2013 |
|
2014 |
|
2013 |
In-the-money stock options |
80,000 |
|
|
157,500 |
|
|
80,000 |
|
|
157,500 |
|
Non-vested restricted stock |
350,000 |
|
|
450,000 |
|
|
350,000 |
|
|
450,000 |
|
Convertible preferred stock |
20,441,001 |
|
|
20,089,436 |
|
|
20,441,001 |
|
|
20,089,436 |
|
Total |
20,871,001 |
|
|
20,696,936 |
|
|
20,871,001 |
|
|
20,696,936 |
|
|