Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Line Items]

Schedule of Earnings Per Share Information

The following table provides details underlying the Company’s earnings per share calculations for the periods indicated (in thousands):

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2014			2013			2014			2013
Net income attributable to MasTec:
Net income, continuing operations - basic (a)	$	45,591		$	49,960		$	93,936		$	104,702
Interest expense, net of tax, 2009 Convertible Notes	20			79			166			236
Net income, continuing operations - diluted	$	45,611		$	50,039		$	94,102		$	104,938
Net loss from discontinued operations - basic and diluted (a)	(320		)	(3,822		)	(592		)	(5,253		)
Net income attributable to MasTec - diluted	$	45,291		$	46,217		$	93,510		$	99,685
Weighted average shares outstanding:
Weighted average shares outstanding - basic	81,811			77,093			79,158			76,816
Dilutive common stock equivalents	814			775			798			774
Dilutive premium shares, 2011 Convertible Notes	3,005			6,790			5,900			6,337
Dilutive shares, 2009 Convertible Notes	194			806			560			806
Weighted average shares outstanding - diluted	85,824			85,464			86,416			84,733

(a) Calculated as total net income (loss) less amounts attributable to non-controlling interests.

2011 Convertible Notes [Member]

Earnings Per Share [Line Items]

Schedule of Convertible Note Premium Share Information

The calculations underlying the number of premium shares included in the Company’s diluted share count for the periods indicated are as follows (in thousands, except per share amounts):

	As of and for the Three Months Ended September 30,							As of and for the Nine Months Ended September 30,
	2014			2013				2014			2013
Premium Share Information:		2011 4.25% Notes		2011 4.0% Notes		2011 4.25% Notes			2011 4.25% Notes		2011 4.0% Notes		2011 4.25% Notes
Number of conversion shares, principal amount		6,268		6,683		6,268			6,268		6,683		6,268
Per share price, actual average		$	29.73	$	32.84	$	32.84		$	35.06	$	30.59	$	30.59
Premium value		$	89,341	$	114,176	$	108,864		$	122,748	$	99,104	$	94,728
Premium shares		3,005		3,476		3,314			3,501		3,240		3,097