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Earnings Per Share
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic Earnings Per Share
We calculate basic earnings per share by dividing the net income for the period attributable to shareholders of the Parent by the weighted average number of shares outstanding.
Three Months EndedNine Months Ended
September 30, 2019September 30, 2020September 30, 2019September 30, 2020
Net income attributable to shareholders of Criteo S.A.$18,778 $5,227 $48,721 $26,402 
Weighted average number of shares outstanding64,868,545 60,080,598 64,600,869 61,059,345 
Basic earnings per share$0.29 $0.09 $0.75 $0.43 
Diluted Earnings Per Share
We calculate diluted earnings per share by dividing the net income attributable to shareholders of the Parent by the weighted average number of shares outstanding plus any potentially dilutive shares not yet issued from share-based compensation plans (see Note 10). There were no other potentially dilutive instruments outstanding as of September 30, 2019 and September 30, 2020. Consequently, all potential dilutive effects from shares are considered.
For each period presented, a contract to issue a certain number of shares (i.e. share option, non-employee warrant, restricted stock unit ("RSU") or employee warrant ("BSPCE") is assessed as potentially dilutive if it is “in the money” (i.e., the exercise or settlement price is lower than the average market price).
Three Months EndedNine Months Ended
September 30, 2019September 30, 2020September 30,
2019
September 30,
2020
Net income attributable to shareholders of Criteo S.A.$18,778 $5,227 $48,721 $26,402 
Weighted average number of shares outstanding of Criteo S.A.64,868,545 60,080,598 64,600,869 61,059,345 
Dilutive effect of :
Restricted share awards ("RSUs")907,412 811,136 987,586 440,835 
Share options and BSPCE261,324 128,291 290,756 133,865 
Share warrants29,764 7,770 37,008 10,782 
Weighted average number of shares outstanding used to determine diluted earnings per share66,067,045 61,027,795 65,916,219 61,644,827 
Diluted earnings per share$0.28 $0.09 $0.74 $0.43 

The weighted average number of securities that were anti-dilutive for diluted EPS for the periods presented but which could potentially dilute EPS in the future are as follows:
Three Months EndedNine Months Ended
September 30, 2019September 30, 2020September 30, 2019September 30, 2020
Restricted share awards2,218,465 428,949 1,335,496 2,284,562 
Share options and BSPCE62,880 140,513 43,725 93,675 
Weighted average number of anti-dilutive securities excluded from diluted earnings per share 2,281,345 569,462 1,379,221 2,378,237