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Sensata Technologies Holding N.V.'s SEC Filings

SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
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4. Net Loss Per Share


The Company computes net loss per share in accordance with ASC 260.


Basic net loss per ordinary share is calculated by dividing net (loss) by the weighted-average number of ordinary shares outstanding during the period. The following table sets forth the calculation of basic and diluted net (loss) per share:


     For the year ended  
     December 31,
    December 31,
    December 31,



Loss from continuing operations

   $ (27,286   $ (114,449   $ (234,237

Loss from discontinued operations








Net loss

   $ (27,681   $ (134,531   $ (252,497



Weighted-average common shares outstanding

     144,056,568        144,065,549        144,054,046   

Net loss per share:


Loss per share from continuing operations—basic and diluted

   $ (0.19   $ (0.79   $ (1.62

Loss per share from discontinued operations—basic and diluted

            (0.14     (0.13

Net loss per share—basic and diluted

   $ (0.19   $ (0.93   $ (1.75


The following share-based awards have been excluded from the computation of all diluted loss per share calculations for the periods presented because a loss was incurred in those periods, and including the share-based awards in the calculations would be anti-dilutive. In addition, the Company has excluded share-based awards associated with its Tranche 2 and 3 option plans as these options are contingently issuable and the contingency had not been satisfied as of the end of each of the reported periods. See Note 14 for further discussion of the Company’s share-based payment plans.


     For the year ended
     December 31,
   December 31,
   December 31,

Options to purchase ordinary shares

   12,925,148    12,151,438    12,193,438

Unvested restricted stock

   433,018    52,118    52,118


5. Discontinued Operations


In December 2008, the Company announced its intent to sell the automotive vision sensing business (the “Vision business”), which includes the assets and operations of SMaL Camera Technologies, Inc. (“SMaL Camera”). The Company purchased SMaL Camera for $12.0 million in March 2007. The economic climate and slower than expected demand for these products were the primary factors in the decision to sell the business. The Company completed the sale of the Vision business during the three months ended June 30, 2009.


Results of operations of the Vision business included within loss from discontinued operations for the years ended December 31, 2009, 2008 and 2007 are as follows:


     For the year ended December 31,  
     2009     2008     2007  

Net revenue

   $ 726      $ 2,661      $ 759   

Loss from operations before income tax

   $ (395   $ (12,199   $ (18,260