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Earnings Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share  
Earnings Per Share

6. Earnings Per Share

 

Basic earnings per share is computed using net income attributable to Penske Automotive Group common stockholders and the number of weighted average shares of voting common stock outstanding, including outstanding unvested equity awards which contain rights to non-forfeitable dividends. Diluted earnings per share is computed using net income attributable to Penske Automotive Group common stockholders and the number of weighted average shares of voting common stock outstanding, adjusted for any dilutive effects. A reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the three and six months ended June 30, 2016 and 2015 follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

  

2016

  

2015

  

2016

  

2015

 

Weighted average number of common shares outstanding

 

85,268,625

 

90,198,899

 

86,743,783

 

90,225,948

 

Effect of non-participatory equity compensation

 

36,000

 

36,000

 

36,000

 

36,000

 

Weighted average number of common shares outstanding, including effect of dilutive securities

 

85,304,625

 

90,234,899

 

86,779,783

 

90,261,948