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Earnings Per Share
9 Months Ended
Sep. 30, 2017
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 nine months ended September 30, 2017 and 2016 follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

    

 

  

2017

  

2016

  

2017

  

2016

 

Weighted average number of common shares outstanding

 

85,921,118

 

85,175,857

 

85,873,142

 

86,241,910

 

Effect of non-participatory equity compensation

 

45,000

 

36,000

 

45,000

 

36,000

 

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

 

85,966,118

 

85,211,857

 

85,918,142

 

86,277,910