Earnings Per Share

9 Months Ended

Sep. 30, 2021

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,
	2021		2020		2021		2020
Net income	$	152,026	$	66,831	$	376,587	$	319,138
Net (income) loss attributable to non-controlling interests	190		(144)		330		(355)
Net income attributable to Equinix	$	152,216	$	66,687	$	376,917	$	318,783

Weighted-average shares used to calculate basic EPS	89,858		88,806		89,614		87,226
Effect of dilutive securities:
Employee equity awards	609		713		588		699
Weighted-average shares used to calculate diluted EPS	90,467		89,519		90,202		87,925

EPS attributable to Equinix:
Basic EPS	$	1.69	$	0.75	$	4.21	$	3.65
Diluted EPS	$	1.68	$	0.74	$	4.18	$	3.63

We have excluded common stock related to employee equity awards in the diluted EPS calculation above of approximately 17,000 shares and 16,000 shares for the three months ended September 30, 2021 and 2020, respectively, and approximately 212,000 and 31,000 shares for the nine months ended September 30, 2021 and 2020, because their effect would be anti-dilutive.