98 per share on common stock and common stock equivalents
for the fourth quarter of 2017, the company said.
As a result, on December 2, 2013 the company's 13,299 outstanding shares of series F common stock equivalents
will automatically convert into 13.
acquired 100% of the issued and outstanding shares of common stock and common stock equivalents
of E-LOAN, Inc.
A major concern was the concept of common stock equivalents
in computing primary earnings per share (EPS).
Primary earnings per share incorporates the effects of dilutive common stock equivalents
, and fully-diluted earnings per share incorporates the effects of all dilutive convertible securities.
While stock options and warrants are always regarded as common stock equivalents
, convertible securities are considered common stock equivalents
if, at issuance, their effective yield is less than two-thirds of the average Aa corporate bond yield.
Primary earnings per share calculations would consider only those dilutive common stock equivalents
expected to vest.
As part of the recapitalisation the company exchanged common stock equivalents
with an aggregate value of approximately USD 11.
Robbins said the difference between basic and primary EPS was that common stock equivalents
are not considered in the computation of basic EPS.
One of those numbers, primary, EPS, is computed assuming that common stock equivalents
, those dilative securities most similar in substance to common stock, were converted to common stock on the first day of the reporting period.
CoreSite Realty Corporation (NYSE:COR) reported on Friday that it will pay a common stock and common stock equivalents
cash dividend of USD0.
While stock options and warrants always are regarded as common stock equivalents
, convertibles are classified as common stock equivalents
only if, at issuance, their effective yield is less than two-thirds of the average yield on Aa-rated corporate bonds with similar characteristics but without the conversion option.