Earnings Per Share

9 Months Ended

Sep. 30, 2020

The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the periods presented (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net income	$	66,831	$	120,811	$	319,138	$	382,410
Net (income) loss attributable to non-controlling interests	(144)		39		(355)		45
Net income attributable to Equinix	$	66,687	$	120,850	$	318,783	$	382,455

Weighted-average shares used to calculate basic EPS	88,806		85,012		87,226		83,753
Effect of dilutive securities:
Employee equity awards	713		559		699		470
Weighted-average shares used to calculate diluted EPS	89,519		85,571		87,925		84,223

EPS attributable to Equinix:
Basic EPS	$	0.75	$	1.42	$	3.65	$	4.57
Diluted EPS	$	0.74	$	1.41	$	3.63	$	4.54

The Company has excluded common stock related to employee equity awards in the diluted EPS calculation above of approximately 16,000 shares and 17,000 shares for the three months ended September 30, 2020 and 2019, respectively, and approximately 31,000 and 22,000 shares for the nine months ended September 30, 2020 and 2019, respectively, because their effect would be anti-dilutive.