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Actionable news in JGW: THE J.G. WENTWORTH COMPANY,

JGWPT Holdings Inc Just Filed Its Quarterly Report: Earnings Per Share B...

Basic earnings per share (“EPS”) measures the performance of an entity over the reporting period. Diluted EPS measures the performance of an entity over the reporting period while giving effect to all potentially dilutive common shares that were outstanding during the period.

In accordance with ASC 260 Earnings Per Share, all outstanding unvested share-based payments that contain rights to non-forfeitable dividends and participate in the undistributed earnings with the common stockholders are considered participating securities. The shares of Class B common stock do not share in the earnings of the Company and are therefore not considered participating securities. Accordingly, basic and diluted net earnings per share of Class B common stock have not been presented.

In connection with the IPO, Class C profit interests of JGW LLC held by PGHI Corp. were exchanged for a total of 966,434 warrants to purchase shares of Class A common stock; refer to Note 17 for more information. For the three and nine months ended September 30, 2015 and 2014, these warrants were not included in the computation of diluted earnings (loss) per common share because...


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