Earnings Per Share

3 Months Ended

Mar. 31, 2016

Note 2 – Earnings Per Share

Basic earnings or loss per share is computed by dividing net income or loss available to MasTec’s common shareholders by the weighted average number of common shares outstanding for the period. For purposes of calculating basic and diluted earnings per share, vested restricted stock awards are considered outstanding. Diluted earnings per share is computed by dividing net income available to MasTec’s common shareholders by the weighted average number of fully diluted shares, as calculated under the treasury stock method, which includes the effect of dilutive common stock equivalents, including from the exercise of outstanding stock options or the vesting of unvested restricted shares. If the Company reports a loss, rather than income, the computation of diluted loss per share excludes dilutive common stock equivalents, as their effect would be anti-dilutive. For the three month periods ended March 31, 2016 and 2015, the Company reported a net loss, which resulted in the exclusion of 610,657 and 502,217 weighted average dilutive common stock equivalents, respectively, from the calculation of diluted net loss per share. Total anti-dilutive weighted average common stock equivalents for the three month periods ended March 31, 2016 and 2015, including the shares previously mentioned, were 615,143 and 807,567, respectively.

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



	For the Three Months Ended March 31,
	2016			2015
Net loss attributable to MasTec:
Net loss - basic and diluted ^(a)	$	(2,692	)	$	(6,263	)
Weighted average shares outstanding:
Weighted average shares outstanding - basic	80,156			82,397
Dilutive common stock equivalents	—			—
Weighted average shares outstanding - diluted	80,156			82,397


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