Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Computation of earnings per share and reconciliation of basic and diluted weighted average common shares outstanding

The table below presents the computation of earnings per share, including the reconciliation of basic and diluted weighted average shares outstanding (in thousands, except per share data):


	Year Ended December 31,
	2019		2018		2017
Net income	$	261,575	$	234,461	$	191,339
Net loss attributable to noncontrolling interest	—		—		294
Net income attributable to Pool Corporation	$	261,575	$	234,461	$	191,633
Weighted average shares outstanding:
Basic	39,833		40,311		40,838
Effect of dilutive securities:
Stock options and employee stock purchase plan	1,032		1,382		1,611
Diluted	40,865		41,693		42,449

Earnings per share:
Basic	$	6.57	$	5.82	$	4.69
Diluted	$	6.40	$	5.62	$	4.51

Anti-dilutive stock options excluded from diluted earnings per share computations ⁽¹⁾	—		—		108

⁽¹⁾Since these options have exercise prices that are higher than the average market prices of our common stock, including them in the calculation would have an anti-dilutive effect on earnings per share.