DHT Holdings, Inc. | CIK:0001331284 | 3

  • Filed: 4/24/2018
  • Entity registrant name: DHT Holdings, Inc. (CIK: 0001331284)
  • Generator: SmartXBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1331284/000095015718000468/0000950157-18-000468-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1331284/000095015718000468/dht-20171231.xml
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    • ifrs-full:DisclosureOfEarningsPerShareExplanatory

    Note 5 - Earnings per share (“EPS”)

    The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period.  The computation of diluted earnings per share assumes the exercise of all dilutive stock options and restricted shares using the treasury stock method.

    For the year ended December 31, 2017, the Company had an increase in earnings per share resulting from the assumption that convertible instruments are converted, thus any effect of common stock equivalents outstanding would be antidilutive.  Antidilutive potential common shares are disregarded in the calculation of diluted EPS.  The following potential ordinary shares are antidilutive and therefore excluded from the weighted average number of ordinary shares for the purpose of diluted earnings per shares: convertible instruments: 17,282,925 shares.

    The components of the calculation of basic EPS and diluted EPS are as follows:

    (Dollars in thousands):
    		  
    2017
    		    
    2016
    		    
    2015
    		  
    Profit/(loss) for the period used for calculation of EPS - basic
    		  
    $
    6,602
    		    
    $
    9,260
    		    
    $
    105,302
    		  
    Interest and amortization on the convertible notes
    		  
    $
    -
    		            
    $
    11,340
    		  
    Profit/(loss) for the period used for calculation of EPS - dilutive
    		  
    $
    6,602
    		    
    $
    9,260
    		    
    $
    116,641
    		  
     
    		                        
    Basic earnings per share:
    		                        
    Weighted average shares outstanding - basic
    		    
    124,536,338
    		      
    93,382,757
    		      
    92,793,154
    		  
     
    		                        
    Diluted earnings per share:
    		                        
    Weighted average shares outstanding - basic
    		    
    124,536,338
    		      
    93,382,757
    		      
    92,793,154
    		  
    Dilutive equity awards
    		    
    -
    		      
    6,853
    		      
    92,827
    		  
    Dilutive shares related to convertible notes
    		    
    -
    		      
    -
    		      
    19,212,240
    		  
    Weighted average shares outstanding - dilutive
    		    
    124,536,338
    		      
    93,389,610
    		      
    112,098,221
    		  
     
    F-23