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Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share  
Earnings Per Share

(6)                   Diluted earnings per share (“EPS”) reflects the assumed exercise or conversion of all dilutive securities using the treasury stock method.

 

The calculations of the basic and diluted EPS for the three months ended March 31, 2013 and 2012 are presented below:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands, except per share amounts)

 

2013

 

2012

 

 

 

 

 

 

 

Net earnings attributable to Fluor Corporation

 

$

166,458

 

$

154,882

 

 

 

 

 

 

 

Basic EPS:

 

 

 

 

 

Weighted average common shares outstanding

 

162,408

 

168,852

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.02

 

$

0.92

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

Weighted average common shares outstanding

 

162,408

 

168,852

 

 

 

 

 

 

 

Diluted effect:

 

 

 

 

 

Employee stock options and restricted stock units and shares

 

1,191

 

1,178

 

Conversion equivalent of dilutive convertible debt

 

392

 

376

 

Weighted average diluted shares outstanding

 

163,991

 

170,406

 

 

 

 

 

 

 

Diluted earnings per share

 

$

1.02

 

$

0.91

 

 

 

 

 

 

 

Anti-dilutive securities not included above

 

1,382

 

1,216

 

 

In the first quarter of 2012, the company repurchased and cancelled 450,000 shares of its common stock under its stock repurchase program for $27 million.