EARNINGS PER SHARE (Tables)

9 Months Ended

Jan. 31, 2014

EARNINGS PER SHARE (Tables) [Abstract]

The Company had common shares, warrants and stock options issued and outstanding as of January 31, 2014. Under the treasury stock method, the Company computed the diluted earnings per share as if all issued warrants, options and convertible debt were converted to common stock and cash proceeds were used to buy back common stock. The exercised prices of warrants and options are greater than fair market price.

		For the Three Months Ended January 31			For the Nine Months Ended January 31
		2014	2013		2014	2013
EPS numerator:
Net income from continuing operatings, net of income taxes	$	5,604,083	15,008,701	$	23,208,072	28,607,547
Less: Net income attributable to non-controlling interests		1,395,633	3,007,604		6,833,321	6,334,799
Income from continuing operations attributable to common stockholders		4,208,450	12,001,097		16,374,751	22,272,748
income from discontinued operations attributable to common stockholders, net of income taxes			3,595,701			7,253,463
Net income attributable to common stockholders	$	4,208,450	15,596,798	$	16,374,751	29,526,211
EPS denominator:
Weighted average shares outstanding - basic		43,613,610	37,318,789		41,429,291	37,562,695
Effect of dilutive shares		1,932,109			2,203,053
Weighted average shares outstanding - diluted		45,545,719	37,318,789		43,632,344	37,562,695
Basic EPS attributable to common stockholders:
Income from continuing operations		0.10	0.32		0.40	0.60
income from discontinued operations		-	0.10		-	0.19
Net income attributable to common stockholders	$	0.10	0.42	$	0.40	0.79
Diluted EPS attributable to common stockholders:
Income from continuing operations		0.09	0.32		0.38	0.60
income from discontinued operations		-	0.10		-	0.19
Net income attributable to common stockholders	$	0.09	0.42	$	0.38	0.79

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References+ Details

L & L ENERGY, INC. 10-Q/A