XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.2
EARNINGS PER SHARE DATA
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE DATA
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 June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Basic:
 
 
 
 
 
 
 
Weighted average shares outstanding
17,596

 
17,558

 
17,581

 
17,538

Net income attributable to DXP Enterprises, Inc.
$
13,459

 
$
11,562

 
$
20,750

 
$
16,113

Convertible preferred stock dividend
22

 
22

 
45

 
45

Net income attributable to common shareholders
$
13,437

 
$
11,540

 
$
20,705

 
$
16,068

Per share amount
$
0.76

 
$
0.66

 
$
1.18

 
$
0.92

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Weighted average shares outstanding
17,596

 
17,558

 
17,581

 
17,538

Assumed conversion of convertible preferred stock
840

 
840

 
840

 
840

Total dilutive shares
18,436

 
18,398

 
18,421

 
18,378

Net income attributable to common shareholders
$
13,437

 
$
11,540

 
$
20,705

 
$
16,068

Convertible preferred stock dividend
22

 
22

 
45

 
45

Net income attributable to DXP Enterprises, Inc.
$
13,459

 
$
11,562

 
$
20,750

 
$
16,113

Per share amount
$
0.73

 
$
0.63

 
$
1.13

 
$
0.88