Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings 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 March 31,
	2022		2021
Net (loss) income attributable to MasTec:
Net (loss) income - basic and diluted (a)	$	(34,978)	$	65,649
Weighted average shares outstanding:
Weighted average shares outstanding - basic(b)	74,789		72,439
Dilutive common stock equivalents (c)(d)	—		1,407
Weighted average shares outstanding - diluted	74,789		73,846

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

(b)For the three month period ended March 31, 2022, basic shares include approximately 72,000 weighted average shares relating to additional contingent payments to the former owners of an acquired business. See Note 3 – Acquisitions, Goodwill and Other Intangible Assets.

(c)Weighted average anti-dilutive common stock equivalents totaled approximately 1,321,000 and 23,000, for the three month periods ended March 31, 2022, and 2021, respectively.

(d)For the three month period ended March 31, 2022, common stock equivalents, all of which are anti-dilutive, include approximately 63,000 weighted average shares relating to additional contingent payments to the former owners of an acquired business. See Note 3 – Acquisitions, Goodwill and Other Intangible Assets.