SMTC Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 7. Earnings per common share

Note 7. Earnings per common share

6 Months Ended

Jul. 01, 2012

7. Earnings per common share

The following table details the weighted average number of common shares outstanding for the purposes of computing basic and diluted earnings per common share for the following periods:

	Three months ended				Six months ended
(Number of common shares)	July 1, 2012		July 3, 2011		July 1, 2012		July 3, 2011
Basic weighted average shares outstanding		16,300,574		15,962,945		16,266,077		16,070,511
Dilutive stock options (a) (b)		159,298		—		140,804		—
Diluted weighted average shares outstanding		16,459,872		15,962,945		16,406,881		16,070,511

(a) For the three and six months ended July 1, 2012, as a result of net earnings from continuing operations, dilutive options were determined using the treasury stock method, using an average share price of $3.48 and $3.32 per share, respectively. For the three and six months ended July 1, 2012, the calculation did not include 43,600 and 317,100 stock options, respectively, as the effect would have been anti-dilutive.

(b) As a result of the net loss from continuing operations for the three and six months ended July 3, 2011, diluted earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive.

- Definition

The entire disclosure for earnings per share.

+ References + Details