Earnings Per Share

6 Months Ended

Jun. 30, 2016

Note 2 – Earnings Per Share

Basic earnings or loss per share is computed by dividing net income or loss attributable to MasTec by the weighted average number of common shares outstanding for the period, which excludes non-participating unvested restricted share awards. Diluted earnings per share is computed by dividing net income or loss attributable to MasTec 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 and six month periods ended June 30, 2015, the Company reported a net loss, which resulted in the exclusion of 476,769 and 495,181 weighted average dilutive common stock equivalents, respectively, from the calculation of diluted loss per share.

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



	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2016		2015			2016		2015
Net income (loss) attributable to MasTec:
Net income (loss) - basic and diluted ^(a)	$	24,088	$	(3,700	)	$	21,395	$	(9,963	)
Weighted average shares outstanding:
Weighted average shares outstanding - basic ^(b)	80,351		79,830			80,253		81,106
Dilutive common stock equivalents	915		—			790		—
Weighted average shares outstanding - diluted	81,266		79,830			81,043		81,106


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


(b)	Excludes non-participating unvested restricted share awards.