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SEC Filings

10-Q
TERRAFORM GLOBAL, INC. filed this Form 10-Q on 08/09/2017
Entire Document
 

As of June 30, 2017, $5.6 million of total unrecognized compensation cost related to RSUs is expected to be recognized over a weighted average period of approximately 2.2 years.

13. LOSS PER SHARE
Loss per share is calculated utilizing the weighted average shares outstanding. Under the two-class method, unvested RSAs that contain non-forfeitable rights to dividends are treated as participating securities and are included in the earnings per share computation to the extent that there are undistributed earnings available, but these securities do not participate in losses.
Class A Common Stock
Basic and diluted loss per share for the three and six months ended June 30, 2017 and 2016 was calculated as follows:
(In thousands, except per share amounts)
Three Months Ended
June 30, 2017
 
Three Months Ended
June 30, 2016
 
Six
Months Ended
June 30, 2017
 
Six
Months Ended
June 30, 2016
Basic and diluted (loss) income per share:
 
 
 
 
 
 
 
Net (loss) income attributable to Class A common stockholders
$
(10,381
)
 
$
1,097

 
(12,094
)
 
$
(3,535
)
Less: dividends paid on Class A common stock and participating RSAs

 

 

 
30,674

Undistributed (loss) income attributable to Class A stockholders
$
(10,381
)
 
$
1,097

 
$
(12,094
)
 
$
(34,209
)

 
 
 
 
 
 
 
Weighted-average shares outstanding
112,943,815

 
106,855,764

 
113,099,037

 
106,855,764


 
 
 
 
 
 
 
Distributed earnings per share
$

 
$

 
$

 
$
0.29

Undistributed (loss) income per share
(0.09
)
 
0.01

 
(0.11
)
 
(0.32
)
Basic and diluted (loss) earnings per share
$
(0.09
)
 
$
0.01

 
$
(0.11
)
 
$
(0.03
)
The computations for diluted loss per share for the three and six months ended June 30, 2017 exclude 61,343,054 shares of Class B common stock, 4,226,202 unvested RSAs and 2,336,515 unvested RSUs because the effect would have been anti-dilutive. The computations for diluted loss per share for the three and six months ended June 30, 2016 exclude 61,343,054 shares of Class B common stock, 6,245,398 unvested RSAs and 2,515,947 unvested RSUs because the effect would have been anti-dilutive.

14. NON-CONTROLLING INTERESTS
Non-controlling interests represent the portion of net assets in consolidated entities that are not owned by the Company. The following table presents the non-controlling interest balances by entity, reported in stockholders’ equity in the unaudited condensed consolidated balance sheets as of June 30, 2017 and December 31, 2016:
(in thousands)
As of
June 30, 2017
 
As of December 31, 2016
SunEdison’s non-controlling interests in Global LLC
$
368,242

 
$
370,117

Non-controlling interests in power plants
74,473

 
92,308

Total non-controlling interests
$
442,715

 
$
462,425

As of June 30, 2017, TerraForm Global, Inc. owned 64.8% of Global LLC and consolidated the results of Global LLC through its controlling interest, with SunEdison's 35.2% interest shown as a non-controlling interest.



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