The if-converted method of calculating earnings per share data assumes conversion of convertible securities as of the

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The if-converted method assumes conversion of convertible securities as of the beginning of the earliest period reported or at time of issuance, if later. This method assumes that the convertible securities are converted at the start of the reporting period and that the converted shares would have been outstanding for the entire period.

The If-Converted Method of Calculating Earnings Per Share Data Assumes