Earnings Per Share

3 Months Ended

Mar. 31, 2016

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,
	2016		2015
Net income	$	16,363	$	8,433
Net (income) loss attributable to noncontrolling interest	8		(14		)
Net income attributable to Pool Corporation	$	16,371	$	8,419
Weighted average shares outstanding:
Basic	42,226		43,601
Effect of dilutive securities:
Stock options and employee stock purchase plan	1,091		1,155
Diluted	43,317		44,756
Earnings per share:
Basic	$	0.39	$	0.19
Diluted	$	0.38	$	0.19
Anti-dilutive stock options excluded from diluted earnings per share computations	153		176