Attached files
| file | filename |
|---|---|
| 8-K - JOURNAL COMMUNICATIONS 8-K 5-7-2010 - JOURNAL COMMUNICATIONS INC | form8k.htm |
| EX-99.1 - EXHIBIT 99.1 - JOURNAL COMMUNICATIONS INC | ex99_1.htm |
| EX-99.2 - EXHIBIT 99.2 - JOURNAL COMMUNICATIONS INC | ex99_2.htm |
Exhibit 99.3
Journal Communications, Inc.
Calculation of Diluted Earnings Per Share - Class A and B (unaudited)
(dollars in thousands)
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2009
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2008
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First Quarter
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Second Quaarter
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Third Quarter
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Fourth Quarter
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Fiscal Year
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Fiscal Year
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Numerator for diluted earnings (loss) per share:
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Dividends on class A and B common stock
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* | $ | 1,006 | $ | - | $ | - | $ | - | $ | 1,006 | $ | 16,665 | |||||||||||
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Dividends on class C common stock
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464 | 464 | 463 | 463 | 1,854 | 1,854 | ||||||||||||||||||
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Dividends on non-vested restricted stock
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6 | (5 | ) | 1 | - | 2 | - | |||||||||||||||||
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Total undistributed earnings (loss) from continuing operations
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Class A and B
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* | (1,215 | ) | (4,987 | ) | 1,457 | 6,797 | 2,540 | (242,760 | ) | ||||||||||||||
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Class C
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- | - | 95 | 439 | 165 | - | ||||||||||||||||||
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Non-vested restricted stock
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- | - | 28 | 134 | 43 | - | ||||||||||||||||||
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Earnings (loss) from discontinued operations
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Class A and B
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(140 | ) | (304 | ) | (202 | ) | (591 | ) | (1,204 | ) | (162 | ) | ||||||||||||
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Class C
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- | - | (13 | ) | (38 | ) | (78 | ) | - | |||||||||||||||
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Non-vested restricted stock
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- | - | (4 | ) | (12 | ) | (21 | ) | - | |||||||||||||||
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Net earnings (loss)
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$ | 121 | $ | (4,832 | ) | $ | 1,825 | $ | 7,192 | $ | 4,307 | $ | (224,403 | ) | ||||||||||
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Denominator for diluted earnings (loss) per class A and B share:
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Weighted average shares outstanding - Class A and B
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50,272 | 50,317 | 50,500 | 50,510 | 50,400 | 51,917 | ||||||||||||||||||
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Impact of non-vested restricted shares
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- | - | - | - | - | - | ||||||||||||||||||
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Conversion of class C shares
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- | - | - | - | - | - | ||||||||||||||||||
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Adjusted weighted average shares outstanding for class A and B
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* | 50,272 | 50,317 | 50,500 | 50,510 | 50,400 | 51,917 | |||||||||||||||||
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Diluted earnings (loss) per share of class A and B:
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Continuing operations
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* | $ | (0.01 | ) | $ | (0.10 | ) | $ | 0.03 | $ | 0.13 | $ | 0.07 | $ | (4.36 | ) | ||||||||
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Discontinued operations
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- | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.02 | ) | - | ||||||||||||||
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Net earnings (loss)
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$ | (0.01 | ) | $ | (0.11 | ) | $ | 0.02 | $ | 0.12 | $ | 0.05 | $ | (4.36 | ) | |||||||||
* Included in calculation of diluted earnings per share - class A and B