| Schedule of Earnings Per Share, Basic and Diluted |
The following table summarizes the computation of basic and diluted loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THREE MONTHS ENDED |
|
SIX MONTHS ENDED |
|
December 31, |
|
December 31, |
|
2015 |
|
2014 |
|
2015 |
|
2014 |
|
(In thousands, except share and per share amounts) |
Net loss |
$ |
(1,380 |
) |
|
$ |
(2,885 |
) |
|
$ |
(4,443 |
) |
|
$ |
(5,513 |
) |
Preferred stock dividend |
(461 |
) |
|
(430 |
) |
|
(913 |
) |
|
(859 |
) |
Net loss, including preferred stock dividends |
(1,841 |
) |
|
(3,315 |
) |
|
(5,356 |
) |
|
(6,372 |
) |
Net loss attributable to non-controlling interest in subsidiary |
13 |
|
|
170 |
|
|
24 |
|
|
170 |
|
Net loss attributable to common stockholders |
$ |
(1,828 |
) |
|
$ |
(3,145 |
) |
|
$ |
(5,332 |
) |
|
$ |
(6,202 |
) |
|
|
|
|
|
|
|
|
Basic weighted average shares outstanding |
5,757,533 |
|
|
5,709,692 |
|
|
5,730,157 |
|
|
5,708,276 |
|
Add: dilutive effects of in-the-money stock options |
— |
|
|
— |
|
|
— |
|
|
— |
|
Diluted weighted average common shares outstanding |
5,757,533 |
|
|
5,709,692 |
|
|
5,730,157 |
|
|
5,708,276 |
|
|
|
|
|
|
|
|
|
Basic loss per common share: |
|
|
|
|
|
|
|
Net loss attributable to Magellan Petroleum Corporation, including preferred stock dividends |
$(0.32) |
|
$(0.55) |
|
$(0.93) |
|
$(1.09) |
Net loss attributable to common stockholders |
$(0.32) |
|
$(0.55) |
|
$(0.93) |
|
$(1.09) |
|
|
|
|
|
|
|
|
Diluted loss per common share: |
|
|
|
|
|
|
|
Net loss attributable to Magellan Petroleum Corporation, including preferred stock dividends |
$(0.32) |
|
$(0.55) |
|
$(0.93) |
|
$(1.09) |
Net loss attributable to common stockholders |
$(0.32) |
|
$(0.55) |
|
$(0.93) |
|
$(1.09) |
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THREE MONTHS ENDED |
|
SIX MONTHS ENDED |
|
December 31, |
|
December 31, |
|
2015 |
|
2014 |
|
2015 |
|
2014 |
In-the-money stock options |
— |
|
|
234,453 |
|
|
— |
|
|
234,453 |
|
Common shares issuable upon conversion of Series A Preferred Stock |
2,737,637 |
|
|
2,554,102 |
|
|
2,737,637 |
|
|
2,554,102 |
|
Total |
2,737,637 |
|
|
2,788,555 |
|
|
2,737,637 |
|
|
2,788,555 |
|
|