Exhibit 99.5
WEBMD HEALTH CORP.
CALCULATION OF NET INCOME (LOSS) PER SHARE
(In thousands, except per share data, unaudited)
CALCULATION OF NET INCOME (LOSS) PER SHARE
(In thousands, except per share data, unaudited)
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2010 | 2009 | 2010 | 2009 | |||||||||||||
Numerator: | ||||||||||||||||
Income from continuing operations — Basic(a) | $ | 7,596 | $ | 703 | $ | 3,844 | $ | 509 | ||||||||
Interest expense on 1.75% convertible notes, net of tax | 592 | — | — | — | ||||||||||||
Effect of dilutive securities of subsidiary | — | (76 | ) | — | (97 | ) | ||||||||||
Income from continuing operations — Diluted | $ | 8,188 | $ | 627 | $ | 3,844 | $ | 412 | ||||||||
Loss from discontinued operations, net of tax —Basic | $ | — | $ | (12,380 | ) | $ | — | $ | (11,771 | ) | ||||||
Effect of dilutive securities of subsidiary | — | 53 | — | 56 | ||||||||||||
Loss from discontinued operations, net of tax —Diluted | $ | — | $ | (12,327 | ) | $ | — | $ | (11,715 | ) | ||||||
Denominator: | ||||||||||||||||
Weighted-average shares — Basic | 53,521 | 45,599 | 52,856 | 45,408 | ||||||||||||
Employee stock options and restricted stock | 3,848 | 1,134 | 4,416 | 1,038 | ||||||||||||
1.75% Convertible notes | 5,135 | — | — | — | ||||||||||||
Adjusted weighted-average shares after assumed conversions — Diluted | 62,504 | 46,733 | 57,272 | 46,446 | ||||||||||||
Basic income (loss) per common share: | ||||||||||||||||
Income from continuing operations | $ | 0.14 | $ | 0.02 | $ | 0.07 | $ | 0.01 | ||||||||
Loss from discontinued operations | — | (0.28 | ) | — | (0.26 | ) | ||||||||||
Net income (loss) attributable to Company stockholders | $ | 0.14 | $ | (0.26 | ) | $ | 0.07 | $ | (0.25 | ) | ||||||
Diluted income (loss) per common share: | ||||||||||||||||
Income from continuing operations | $ | 0.13 | $ | 0.01 | $ | 0.07 | $ | 0.01 | ||||||||
Loss from discontinued operations | — | (0.26 | ) | — | (0.25 | ) | ||||||||||
Net income (loss) attributable to Company stockholders | $ | 0.13 | $ | (0.25 | ) | $ | 0.07 | $ | (0.24 | ) | ||||||
(a) | Income from continuing operations was adjusted for the effect of participating non-vested restricted stock of $88 and $50 for the three and six months ended June 30, 2010, respectively. |