SMTC Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Earnings per common share (Detail) - Common shares outstanding for basic and diluted earnings per share:

Note 7 - Earnings per common share (Detail) - Common shares outstanding for basic and diluted earnings per share:

3 Months Ended

Mar. 31, 2013

Apr. 01, 2012

Basic weighted average shares outstanding

16,344,193

16,228,666

Dilutive stock options (a)

64,386

^[1]

122,311

^[1]

Diluted weighted average shares outstanding

16,408,579

16,350,977

[1]

For the three months ended March 31, 2013 and April 1, 2012, as a result of net earnings from continuing operations, dilutive options were determined using the treasury stock method, using an average share price of $2.48 and $3.16 per share, respectively. For the three months ended March 31, 2013 and April 1, 2012, the calculation did not include 927,000 and 590,600 stock options, respectively, as the effect would have been anti-dilutive.

- Definition

The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.

+ References + Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

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+ Details