Post-effective amendment to a registration statement that is not immediately effective upon filing

EARNINGS PER SHARE

v3.21.1
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2020
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE M - EARNINGS PER SHARE

The computation of basic and diluted earnings per share (“EPS”) is based on the weighted average number of common shares outstanding during each period. The computation of basic and diluted earnings per share are impacted by dividends for preferred stockholders.

The following table provides a reconciliation of the computation for basic earnings per share for the years ended December 31:

 

 

 

 

 

 

 

 

 

 

 

 

    

2020

    

2019

    

2018

Income from continuing operations

 

$

8,482,513

 

$

15,499,138

 

$

26,725,449

Income from discontinued operations

 

 

 —

 

 

 —

 

 

21,260,340

Net income

 

 

8,482,513

 

 

15,499,138

 

 

47,985,789

Income attributable to noncontrolling interest

 

 

 —

 

 

 —

 

 

39,132,578

Income attributable to AerSale Corporation

 

 

8,482,513

 

 

15,499,138

 

 

8,853,211

Dividends attributable to preferred stockholders

 

 

 —

 

 

(34,632,836)

 

 

(33,577,536)

Income (loss) attributable to common shareholders for EPS

 

$

8,482,513

 

$

(19,133,698)

 

$

(24,724,325)

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 

 

1,048,196

 

 

37,010

 

 

37,010

Additional shares from assumed exercise of warrants and contingently issuable shares

 

 

67,167

 

 

 —

 

 

 —

Weighted-average number of shares outstanding - diluted

 

 

1,115,363

 

 

37,010

 

 

37,010

 

 

 

 

 

 

 

 

 

 

Income (loss) per share - basic

 

 

  

 

 

  

 

 

  

Income (loss) per share from continuing operations

 

$

8.09

 

$

(516.98)

 

$

(185.14)

Loss per share from discontinued operations and noncontrolling interest

 

 

 —

 

 

 —

 

 

(482.90)

Income (loss) per share

 

 

8.09

 

 

(516.98)

 

 

(668.04)

 

 

 

 

 

 

 

 

 

 

Income (loss) per share - diluted

 

 

 

 

 

 

 

 

 

Income (loss) per share from continuing operations

 

 

7.61

 

 

(516.98)

 

 

(185.14)

Loss per share from discontinued operations and noncontrolling interest

 

 

 —

 

 

 —

 

 

(482.90)

Income (loss) per share

 

$

7.61

 

$

(516.98)

 

$

(668.04)