Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Earnings (Loss) Per Share

v2.4.0.8
Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2014
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share

Note 5. Earnings (Loss) Per Share

The Company complies with ASC 260, Earnings Per Share, which requires dual presentation of basic and diluted income (loss) per ordinary share attributable to Stratasys Ltd. for all periods presented. Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares, outstanding for the reporting periods. Diluted net income per share is computed using the weighted-average number of common shares and the potential dilutive common shares outstanding during the period. Diluted shares outstanding include the dilutive effect of in-the-money options and restricted stock units ("RSUs") using the treasury stock method, as well as, shares held back from issuance and other certain obligations in connection with the MakerBot transaction.

The following table presents a reconciliation of the numerator and denominator of the basic and diluted income (loss) per share computations for the three and six months ended June 30, 2014 and 2013:

(in thousands, except per share amounts)   Three months ended June 30,   Six months ended June 30,
Numerator:       2014       2013       2014       2013
Net income (loss) attributable to Stratasys Ltd.- for the computation of basic                            
       and diluted net income (loss) per share   $       (173 )   $       (2,800 )   3,914   $        (18,336 )
Denominator:                            
Weighted average shares - denominator for basic net income (loss) per share     49,373       38,781     49,323     38,637  
Add: Effect of dilutive securities                            
       Additional shares from the assumed exercise of employee stock options and                            
              unvested RSUs     -       -     1,250     -  
       Held back issuable shares and other cetain obligations in connection with                            
       MakerBot transaction     -       -     665     -  
Denominator for diluted income (loss) per share     49,373       38,781     51,238     38,637  
 
Net income (loss) per share attributable to Stratasys Ltd.                            
Basic   $ (0.00 )   $ (0.07 )   0.08   $ (0.47 )
Diluted   $ (0.00 )   $ (0.07 )   0.08   $ (0.47 )

      The computation of diluted net income (loss) per share excluded stock options, RSUs and shares held back to cover indemnity obligations in connection with the MakerBot transaction to purchase 2.78 million and 2.99 million shares for the three months ended June 30, 2014 and 2013, respectively, and 0.2 million and 2.99 million shares for the six months ended June 30, 2014 and 2013, respectively, because their inclusion would have had an anti-dilutive effect on the diluted net income (loss) per share.