NOTE 12 - EARNINGS PER SHARE DATA

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Basic:
Weighted average shares outstanding		17,394		14,600		17,402		14,529
Net income attributable to DXP Enterprises, Inc.	$	2,966	$	263	$	10,234	$	321
Convertible preferred stock dividend		23		23		68		68
Net income attributable to common shareholders	$	2,943	$	240	$	10,166	$	253
Per share amount	$	0.17	$	0.02	$	0.58	$	0.02

Diluted:
Weighted average shares outstanding		17,394		14,600		17,402		14,529
Assumed conversion of convertible preferred stock		840		840		840		840
Total dilutive shares		18,234		15,440		18,242		15,369
Net income attributable to common shareholders	$	2,943	$	240	$	10,166	$	253
Convertible preferred stock dividend		23		23		68		68
Net income attributable to DXP Enterprises, Inc. for diluted earnings per share	$	2,966	$	263	$	10,234	$	321
Per share amount	$	0.16	$	0.02	$	0.56	$	0.02