| EARNINGS (LOSS) PER COMMON SHARE |
(20) EARNINGS (LOSS) PER COMMON SHARE
Basic and diluted earnings (loss) per common share are calculated as follows:
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Twelve months ended
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Nine months ended
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Twelve months ended
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March 31,
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December 31,
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December 31,
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2017
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2017
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2018
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RMB
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RMB
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RMB
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Numerator:
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Net earnings (loss) attributable to ATA Inc.
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(9,716,002)
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29,633,544
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854,925,914
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Dividends paid to participating securities
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—
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(3,749,630)
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(13,249,006)
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Redeemable non-controlling interest redemption value accretion
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—
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(3,748,639)
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(6,085,542)
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Net earnings (loss) available to common shareholders
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(9,716,002)
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22,135,275
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835,591,366
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Denominator:
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Denominator for basic earnings (loss) per share:
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Weighted average common shares outstanding
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45,772,916
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45,793,127
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45,796,886
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Denominator for diluted earnings (loss) per share
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45,772,916
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45,793,127
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45,796,886
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Basic loss per common share from continuing operations
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(1.31)
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(1.72)
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(1.81)
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Diluted loss per common share from continuing operations
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(1.31)
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(1.72)
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(1.81)
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Basic earnings per common share from discontinued operations
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1.10
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2.20
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20.06
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Diluted earnings per common share from discontinued operations
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1.10
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2.20
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20.06
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Basic earnings (loss) per common share attributable to ATA Inc.
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(0.21)
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0.48
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18.25
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Diluted earnings (loss) per common share attributable to ATA Inc.
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(0.21)
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0.48
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18.25
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The following table summarizes potential common shares outstanding excluded from the calculation of diluted earnings (loss) per share for the year ended March 31, 2017, nine months ended December 31, 2017 and year ended December 31, 2018, because their effect is anti-dilutive:
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Twelve months ended
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Nine months ended
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Twelve months ended
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March 31,
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December 31,
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December 31,
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2017
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2017
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2018
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Shares issuable under share options
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2,451,067
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2,377,067
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1,142,212
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