XML 53 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2013 and 2012 are presented below:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(in thousands, except per share amounts)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Fluor Corporation

 

$

173,046

 

$

144,583

 

$

500,916

 

$

460,655

 

 

 

 

 

 

 

 

 

 

 

Basic EPS:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

162,940

 

166,660

 

162,715

 

167,925

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.06

 

$

0.87

 

$

3.08

 

$

2.74

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

162,940

 

166,660

 

162,715

 

167,925

 

 

 

 

 

 

 

 

 

 

 

Diluted effect:

 

 

 

 

 

 

 

 

 

Employee stock options and restricted stock units and shares

 

1,490

 

964

 

1,218

 

1,004

 

Conversion equivalent of dilutive convertible debt

 

415

 

344

 

391

 

342

 

Weighted average diluted shares outstanding

 

164,845

 

167,968

 

164,324

 

169,271

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

$

1.05

 

$

0.86

 

$

3.05

 

$

2.72

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive securities not included above

 

1,845

 

1,653

 

1,914

 

1,529

 

 

During the three and nine months ended September 30, 2012, the company repurchased and cancelled 600,900 and 3,223,949 shares of its common stock, respectively, under its stock repurchase program for $31 million and $164 million, respectively.