Attached files
| file | filename |
|---|---|
| 8-K - JOURNAL COMMUNICATIONS, INC. 8-K - JOURNAL COMMUNICATIONS INC | a6634552.htm |
| EX-99.1 - EXHIBIT 99.1 - JOURNAL COMMUNICATIONS INC | a6634552ex99-1.htm |
| EX-99.2 - EXHIBIT 99.2 - JOURNAL COMMUNICATIONS INC | a6634552ex99-2.htm |
Exhibit 99.3
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Journal Communications, Inc.
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Calculation of Diluted Earnings Per Share - Class A and B (unaudited)
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(dollars in thousands)
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2010 Quarters
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2010
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First
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Second
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Third
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Fourth
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Fiscal Year
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Numerator for diluted earnings per share:
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Dividends on class A and B common stock
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$ | - | * | $ | - | * | $ | - | * | $ | - | * | $ | - | * | |||||
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Dividends on class C common stock
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464 | 464 | 463 | 464 | 1,854 | |||||||||||||||
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Dividends on non-vested restricted stock
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- | - | - | - | - | |||||||||||||||
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Total undistributed earnings from continuing operations
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Class A and B
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4,428 | * | 6,892 | * | 5,416 | * | 9,901 | * | 26,634 | * | ||||||||||
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Class C
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286 | 443 | 348 | 635 | 1,712 | |||||||||||||||
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Non-vested restricted stock
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82 | 125 | 96 | 171 | 478 | |||||||||||||||
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Gain (loss) from discontinued operations
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- | |||||||||||||||||||
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Class A and B
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40 | 162 | (26 | ) | 3,247 | 3,422 | ||||||||||||||
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Class C
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3 | 10 | (2 | ) | 208 | 220 | ||||||||||||||
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Non-vested restricted stock
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- | 4 | - | 57 | 61 | |||||||||||||||
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Net earnings
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$ | 5,303 | $ | 8,100 | $ | 6,295 | $ | 14,683 | $ | 34,381 | ||||||||||
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Denominator for diluted earnings per class A and B share:
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Weighted average shares outstanding - Class A and B
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50,533 | 50,784 | 50,866 | 50,890 | 50,789 | |||||||||||||||
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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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50,533 | * | 50,784 | * | 50,866 | * | 50,890 | * | 50,789 | * | ||||||||||
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Diluted earnings per share of class A and B:
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Continuing operations
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$ | 0.09 | * | $ | 0.14 | * | $ | 0.11 | * | $ | 0.20 | * | $ | 0.52 | * | |||||
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Discontinued operations
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-- | -- | -- | 0.06 | 0.07 | |||||||||||||||
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Net earnings
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$ | 0.09 | $ | 0.14 | $ | 0.11 | $ | 0.26 | $ | 0.59 | ||||||||||
* Included in calculation of diluted earnings per share - class A and B