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(c) Loss per share attributable to shareholders
The following table sets forth the computation of basic and diluted loss per share attributable to shareholders:
-------------------------------------------------------------------------------------------------------------------------------------------------------- Three-month periods ended March 31---------------------------------------------------------------------------- 2012 (restated, 2013 note 2)----------------------------------------------------------------------------Net loss attributable to shareholders $ (5,888) $ (39,929)--------------------------------------------------------------------------------------------------------------------------------------------------------Weighted average number of basic and diluted shares outstanding 23,770,906 23,770,906--------------------------------------------------------------------------------------------------------------------------------------------------------Basic and diluted loss per share attributable to shareholders (in dollars) $ (0.25) $ (1.68)--------------------------------------------------------------------------------------------------------------------------------------------------------
The diluted loss per share calculation does not take into consideration the potential dilutive effect of stock options of the Corporation since their impact is anti-dilutive.
9. Stock-based compensation and other stock-based payments
-------------------------------------------------------------------------------------------------------------------------------------------------------- Three-month period ended March 31, 2013---------------------------------------------------------------------------- Corporation's Class B Quebecor Media stock options stock options---------------------------------------------------------------------------- Weighted Weighted average average Number exercise price Number exercise price----------------------------------------------------------------------------Balance as at December 31, 2012 819,421 $ 16.34 213,416 $ 46.55Exercised - - (19,957) 46.67Cancelled (128,345) 15.29 (32,500) 47.68Options related to executives transferred to Quebecor Media - - (14,625) 46.48----------------------------------------------------------------------------Balance as at March 31, 2013 691,076 $ 16.54 146,334 $ 46.29--------------------------------------------------------------------------------------------------------------------------------------------------------
Of the number of options outstanding as at March 31, 2013, 691,076 Corporation's Class B stock options at an average exercise price of $16.54 and 68,334 Quebecor Media stock options at an average price of $46.07 could be exercised.
