Earnings Per Share - (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of calculations of basic and diluted EPS

The calculations of the basic and diluted EPS for the three and nine months ended September 30, 2019 and 2018 are presented below:

	Three Months Ended September 30,					Nine Months Ended September 30,
(in thousands, except per share amounts)	2019			2018		2019			2018
Amounts attributable to Fluor Corporation:
Net earnings (loss) from continuing operations	$	(781,605	)	$	68,581	$	(1,424,225	)	$	69,680
Net earnings from discontinued operations	39,621			8,764		69,007			104,907
Net earnings (loss)	$	(741,984	)	$	77,345	$	(1,355,218	)	$	174,587
Basic EPS attributable to Fluor Corporation:
Weighted average common shares outstanding	140,163			140,713		140,027			140,489
Net earnings (loss) from continuing operations	$	(5.57	)	$	0.49	$	(10.17	)	$	0.49
Net earnings from discontinued operations	0.28			0.06		0.49			0.75
Net earnings (loss)	$	(5.29	)	$	0.55	$	(9.68	)	$	1.24
Diluted EPS attributable to Fluor Corporation:
Weighted average common shares outstanding	140,163			140,713		140,027			140,489
Diluted effect:
Employee stock options, restricted stock units and shares and Value Driver Incentive units(1)	—			836		—			877
Weighted average diluted shares outstanding	140,163			141,549		140,027			141,366
Net earnings (loss) from continuing operations	$	(5.57	)	$	0.49	$	(10.17	)	$	0.49
Net earnings from discontinued operations	0.28			0.06		0.49			0.74
Net earnings (loss)	$	(5.29	)	$	0.55	$	(9.68	)	$	1.23
Anti-dilutive securities not included above	5,490			3,988		4,910			4,063

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(1)

Employee stock options, restricted stock units and shares, and Value Driver Incentive units of 489,000 and 585,000 were excluded from weighted average diluted shares outstanding for the three and nine months ended September 30, 2019, respectively, as the shares would have an anti-dilutive effect on the net loss.