Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Note 2 – Earnings Per Share

We calculate basic earnings per share (EPS) by dividing Net income attributable to Pool Corporation by the weighted average number of common shares outstanding.  We include outstanding unvested restricted stock awards of our common stock in the basic weighted average share calculation.  Diluted EPS includes the dilutive effects of other share-based awards.  Stock options with exercise prices that are higher than the average market prices of our common stock for the periods presented are excluded from the diluted EPS calculation because the effect is anti-dilutive.

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
	March 31,
	2015			2014
Net income	$	8,433		$	4,188
Less: net income attributable to noncontrolling interest	(14		)	—
Net income attributable to Pool Corporation	$	8,419		$	4,188
Weighted average shares outstanding:
Basic	43,601			45,178
Effect of dilutive securities:
Stock options and employee stock purchase plan	1,155			1,197
Diluted	44,756			46,375
Earnings per share:
Basic	$	0.19		$	0.09
Diluted	$	0.19		$	0.09
Anti-dilutive stock options excluded from diluted earnings per share computations	176			169