Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

v3.8.0.1
EARNINGS (LOSS) PER SHARE
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE

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.