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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Computation of earnings per share and reconciliation of basic and diluted weighted average common shares outstanding
The table below presents the computation of EPS, including the reconciliation of basic and diluted weighted average shares outstanding (in thousands, except EPS):

 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2014
 
2013
 
2014
 
2013
Net income
 
$
34,958

 
$
32,332

 
$
113,009

 
$
102,305

Less: net income attributable to noncontrolling interest
 
(122
)
 

 
(122
)
 

Net income attributable to Pool Corporation
 
$
34,836

 
$
32,332

 
$
112,887

 
$
102,305

 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
43,756

 
46,380

 
44,563

 
46,475

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options and employee stock purchase plan
 
1,108

 
1,218

 
1,167

 
1,245

Diluted
 
44,864

 
47,598

 
45,730

 
47,720

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.80

 
$
0.70

 
$
2.53

 
$
2.20

Diluted
 
$
0.78

 
$
0.68

 
$
2.47

 
$
2.14

 
 
 
 
 
 
 
 
 
Anti-dilutive stock options excluded from diluted earnings per share computations
 
169

 

 
169