Full House Resorts, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2017

The weighted-average number of common and common equivalent shares used in the calculation of basic and diluted income (loss) per share consists of the following:



(In thousands)	Three Months Ended					Nine Months Ended
	September 30, 2017		September 30, 2016			September 30, 2017			September 30, 2016

Numerator:
Net income (loss) attributable to Full House Resorts, Inc. - basic	$	789	$	135		$	(1,338	)	$	(2,596	)
Adjustment for assumed conversion of warrants	—		(181		)	—			—
Net income (loss) attributable to Full House Resorts, Inc. - diluted	$	789	$	(46	)	$	(1,338	)	$	(2,596	)

Denominator:
Weighted-average common share equivalents - basic	22,891		19,689			22,877			19,666
Potential dilution from share-based awards	772		195			—			—
Potential dilution from assumed conversion of warrants	—		112			—			—
Weighted-average common and common share equivalents - diluted	23,663		19,996			22,877			19,666
Anti-dilutive share-based awards and warrants excluded from the calculation of diluted earnings per share	1,487		494			3,545			3,065

In November 2016, the Company completed a rights offering to existing common stockholders. Because the rights issuance was offered to all existing stockholders at an exercise price that was less than the fair value of the stock, the weighted average shares outstanding and basic and diluted earnings per share were adjusted retroactively to reflect the bonus element of the rights offering for all periods presented. As a result, the Company retroactively adjusted the basic weighted average number of common shares outstanding from 19,018,809 to 19,689,332 for the three months ended September 30, 2016, and from 18,995,279 to 19,665,686 for the nine months ended September 30, 2016.