XML 51 R31.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings per Share
 9 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings per share Earnings Per Share
The following table sets forth the computation of basic and diluted earnings (loss) from continuing operations per common share (in thousands, except per share amounts):
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
 
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Numerator for basic and diluted earnings (loss) per common share—Net income (loss) attributable to Evoqua Water Technologies Corp.
$
21,384

 
$
4,135

 
$
82,341

 
$
(11,211
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic net income (loss) per common share—weighted average shares
116,621

 
114,653

 
116,621

 
114,653

Effect of dilutive securities:
 
 
 
 
 
 
 
Share‑based compensation
3,595

 
4,781

 
4,432

 
—

Denominator for diluted net income (loss) per common share—adjusted weighted average shares
120,216

 
119,434

 
121,053

 
114,653

Basic earnings (loss) attributable to Evoqua Water Technologies Corp. per common share
$
0.18

 
$
0.04

 
$
0.71

 
$
(0.10
)
Diluted earnings (loss) attributable to Evoqua Water Technologies Corp. per common share
$
0.18

 
$
0.03

 
$
0.68

 
$
(0.10
)

Since the Company was in a net loss position for the nine months ended June 30, 2019, there was no difference between the number of shares used to calculate basic and diluted loss per share. Because of their anti-dilutive effect, 4,358 common share equivalents, comprised of employee stock options, have been excluded from the diluted EPS calculation for the nine months ended June 30, 2019.