Larry, 35 million shares may not be the correct number for sfe shares. Sfe did a 1999 convertible debt offering and the 35 million does not include those shares.
Average Common Shares Outstanding
Basic 33,473 32,032 32,617 31,847
Diluted 35,670 32,750 35,318 32,582
Diluted earnings per share calculations adjust net earnings for the dilutive effect of public investee common stock equivalents and convertible securities. The Company's 1996 convertible subordinated notes were dilutive for the three and six months ended June 30, 1999, but were anti-dilutive for the same periods in 1998. The Company's 1999 convertible subordinated notes were anti-dilutive for the three and six months ended June 30, 1999.
Robert D. |
