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TheGoose

11/15/16 1:00 PM

#106857 RE: RealDutch #106856

But the fully diluted number should be close to 23.8M for next quarter.



I think it may be about 1 million lower than this. They have been paying down the convertible, $12 million in the last two quarters. I'm beginning to wonder if this is Dan's way of buying back equity...

Lucky Loser

11/15/16 1:19 PM

#106860 RE: RealDutch #106856

RD, the convertible is what impacts weighted average of the diluted shares, and is not included in the O/S until the time of conversion.

With regard to collateral shares, if and when assigned to the treasury, they are taken out of the O/S count, and not returned to the O/S until such time they're "reissued", if ever. While in treasury they are void of dividends paid, voting rights, etc.

Also, weighted averages are calculated/factored by the number of days remaining in the fiscal year. e.g. 10 shares issued on January 1, 2016 would carry a 10 shares weighted average throughout 2016. otoh 10 shares issued July 1 would carry a 5 shares weighted average throughout the remainder of 2016. When January 1, 2017 rolls around, all shares issued during 2016 then are weighed at 100% of value.

Hope this helps.