Parker Wellbore Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (EPS)

Earnings Per Share (EPS)

9 Months Ended

Sep. 30, 2011

Earnings Per Share (EPS)


	Three Months Ended September 30, 2011
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Basic EPS:
Net income	$	20,725,000	$	116,416,011	$	0.18


Effect of dilutive securities:
Stock options and restricted stock			$	1,009,753	$	—

Diluted EPS:
Net income	$	20,725,000		117,425,764	$	0.18


	Nine Months Ended September 30, 2011
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Basic EPS:
Net income	$	39,727,000		115,899,959	$	0.34


Effect of dilutive securities:
Stock options and restricted stock				1,012,408	$	—

Diluted EPS:
Net income	$	39,727,000		116,912,367	$	0.34


	Three Months Ended September 30, 2010
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Basic EPS:
Net income	$	492,000		114,507,431	$	0.00


Effect of dilutive securities:
Stock options and restricted stock				1,728,436	$	—

Diluted EPS:
Net income	$	492,000		116,235,867	$	0.00


	Nine Months Ended September 30, 2010
	Income			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Basic EPS:
Net loss	$	(1,052,000	)		114,111,198	$	(0.01	)


Effect of dilutive securities:
Stock options and restricted stock					—	$	—

Diluted EPS:
Net loss	$	(1,052,000	)		114,111,198	$	(0.01	)

All options outstanding during the three and nine months ended September 30, 2011 were included in the computation of diluted EPS as the options’ exercise prices were less than the average market price of the common shares for the period. Options to purchase 58,500 shares of common stock with an exercise price of $4.20 per share were outstanding during the three months ended September 30, 2010, but were not included in the computation of diluted EPS because the options’ exercise price was greater than the average market price of the common shares and would have been anti-dilutive. All stock options during the nine months ended September 30, 2010, were excluded in the computation of diluted EPS as the company incurred a loss for the period and therefore, inclusion of outstanding options in the calculation of diluted EPS would be anti-dilutive.