Stuff to read on this matter: <a href="http://www.epcc.edu/Portals/256/pdf/Acnt2304/DilutedEPS.pdf" rel="nofollow" target="_blank">http://www.epcc.edu/Portals/256/pdf/Acnt2304/DilutedEPS.pdf</a> <a href="http://accountinginfo.com/study/fs/eps-01.htm" rel="nofollow" target="_blank">http://accountinginfo.com/study/fs/eps-01.htm</a> <a href="http://www.investopedia.com/exam-guide/cfa-level-1/financial-ratios/basic-diluted-eps.asp?viewed=1" rel="nofollow" target="_blank">http://www.investopedia.com/exam-guide/cfa-level-1/financial-ratios/basic-diluted-eps.asp?viewed=1</a> Or else maybe someone could ask during the tomorrow's CC...