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EARNINGS PER SHARE DATA
 3 Months Ended
Mar. 31, 2016
EARNINGS PER SHARE DATA [Abstract]  
EARNINGS PER SHARE DATA
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. For the three months ended March 31, 2016, we excluded the potential dilution of convertible preferred stock, which could be converted into 840,000 shares because they would be anti-dilutive.

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
March 31,
 
  
2016
  
2015
 
Basic:
      
Weighted average shares outstanding
  
14,486
   
14,391
 
Net income (loss) attributable to DXP Enterprises, Inc.
 
$
(5,112
)
 
$
9,651
 
Convertible preferred stock dividend
  
23
   
23
 
Net income (loss) attributable to common shareholders
 
$
(5,135
)
 
$
9,628
 
Per share amount
 
$
(0.35
)
 
$
0.67
 
         
Diluted:
        
Weighted average shares outstanding
  
14,486
   
14,391
 
Assumed conversion of convertible preferred stock
  
-
   
840
 
Total dilutive shares
  
14,486
   
15,231
 
Net income (loss) attributable to common shareholders
 
$
(5,135
)
 
$
9,628
 
Convertible preferred stock dividend
  
-
   
23
 
Net income (loss) attributable to DXP Enterprises, Inc. for diluted earnings per share
 
$
(5,135
)
 
$
9,651
 
Per share amount
 
$
(0.35
)
 
$
0.63