Attached files

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EX-12.B - EX-12.B - LAMAR ADVERTISING CO/NEWd53899dex12b.htm
EX-31.B - EX-31.B - LAMAR ADVERTISING CO/NEWd53899dex31b.htm
EX-23.A - EX-23.A - LAMAR ADVERTISING CO/NEWd53899dex23a.htm
EX-12.A - EX-12.A - LAMAR ADVERTISING CO/NEWd53899dex12a.htm
EX-32.A - EX-32.A - LAMAR ADVERTISING CO/NEWd53899dex32a.htm
EX-31.A - EX-31.A - LAMAR ADVERTISING CO/NEWd53899dex31a.htm
10-K - FORM 10-K - LAMAR ADVERTISING CO/NEWd53899d10k.htm
EX-21.A - EX-21.A - LAMAR ADVERTISING CO/NEWd53899dex21a.htm

Exhibit 11(a)

LAMAR ADVERTISING COMPANY

AND SUBSIDIARIES

Earnings Per Share Computation Information

Years ended December 31, 2015, 2014 and 2013

 

     Year Ended
December 31,
2015
     Year Ended
December 31,
2014
     Year Ended
December 31,
2013
 

Net income applicable to common stock

   $ 262,205,000       $ 253,153,000       $ 39,774,000   

Weighted average common shares outstanding

     96,321,578         95,218,083         94,387,230   

Shares issuable upon exercise of stock options

     53,552         66,043         358,285   

Incremental shares of convertible debt

     —          —          —    

Weighted average common shares and common equivalents outstanding

     96,375,130         95,284,126         94,745,515   

Net income per common share basic and diluted

   $ 2.72       $ 2.66       $ 0.42   

The above earnings per share (EPS) calculations are submitted in accordance with Statement of Financial Accounting Standards No. 128. An EPS calculation in accordance with Regulation S-K item 601 (b) (11) is not shown above for the years ended December 31, 2015, 2014 and 2013 because it produces an antidilutive result. The following information is disclosed for purposes of calculating antidilutive EPS for that period.

 

     Year Ended
December 31,
2015
     Year Ended
December 31,
2014
     Year Ended
December 31,
2013
 

Net income applicable to common stock

   $ 262,205,000       $ 253,153,000       $ 39,774,000   

Income impact of assumed conversions

     —          —          —    

Income available to common shareholders plus assumed conversion

   $ 262,205,000       $ 253,153,000       $ 39,774,000   

Weighted average common shares outstanding

     96,321,578         95,218,083         94,387,230   

Shares issuable upon exercise of stock options

     53,552         66,043         358,285   

Incremental shares from convertible debt

     —          —          —    

Weighted average common shares plus dilutive potential common shares

     96,375,130         95,284,126         94,745,515   

Net income per common share

   $ 2.72       $ 2.66       $ 0.42