The diluted earnings per share for Howat Corporation during the specified period, accounting for all dilutive securities, was calculated by adjusting the weighted average shares for potential conversions.
To determine the diluted earnings per share (EPS) for Howat Corporation, it is necessary to consider all potentially dilutive securities. Dilutive securities include stock options, convertible bonds, and other instruments that could potentially be converted into common shares.
The calculation involves adjusting the weighted average number of shares outstanding by adding the additional shares that would be issued if all dilutive securities were exercised or converted. The net income attributable to common shareholders is then divided by the adjusted weighted average number of shares to arrive at the diluted EPS.
This computation provides a more conservative measure of earnings per share, considering the potential impact of securities that could increase the number of outstanding shares. It is crucial for investors and analysts to assess both basic and diluted EPS to gain a comprehensive understanding of a company's earnings performance and potential shareholder dilution.
Complete question:
What was the diluted EPS for Howat Corporation during the specified period, taking into account all dilutive securities?