Earnings Per Share

6 Months Ended

Jun. 30, 2019

Note 2 – Earnings Per Share

Basic earnings or loss per share is computed by dividing net income 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 attributable to MasTec by the weighted average number of fully diluted shares, as calculated under the treasury stock method, which includes the potential effect of dilutive common stock equivalents, such as issued but unvested restricted shares. If the Company reports a loss, rather than income, the computation of diluted loss per share excludes the effect of dilutive common stock equivalents, as their effect would be anti-dilutive.

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,
	2019		2018		2019		2018
Net income attributable to MasTec:
Net income - basic and diluted ^(a)	$	119,710	$	80,492	$	162,823	$	107,052
Weighted average shares outstanding:
Weighted average shares outstanding - basic	75,183		78,984		75,088		80,061
Dilutive common stock equivalents	564		1,078		573		1,075
Weighted average shares outstanding - diluted	75,747		80,062		75,661		81,136

(a)

Calculated as total net income less amounts attributable to non-controlling interests.