Veru Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Sep. 30, 2015

Note 2.Earnings per Share

Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period after giving effect to all dilutive potential common shares that were outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of stock options and unvested shares granted to employees and directors.



	Year Ended September 30,
Denominator	2015		2014		2013
Weighted average common shares outstanding - basic		28,532,327		28,522,525		28,376,607
Net effect of dilutive securities:
Options		50,473		109,583		162,195
Unvested restricted shares		334,248		233,276		187,676
Total net effect of dilutive securities		384,721		342,859		349,871
Weighted average common shares outstanding - diluted		28,917,048		28,865,384		28,726,478
Income per common share – basic	$	0.15	$	0.09	$	0.51
Income per common share – diluted	$	0.15	$	0.08	$	0.50

Options to purchase approximately 90,000 shares of common stock at an exercise price of $3.92 per share that were outstanding for the year end September 30, 2015, were not included in the computation of diluted net income per share because their effect was anti-dilutive. All other outstanding stock options were included in the computation of diluted net income per share for the years ended September 30, 2015, 2014, and 2013.