Earnings Attributable to Tennant Company Per Share

9 Months Ended

Sep. 30, 2019

Earnings (Loss) Attributable to Tennant Company Per Share

18.

Earnings Attributable to Tennant Company Per Share

The computations of Basic and Diluted Earnings per Share were as follows:



	Three Months Ended				Nine Months Ended
	September 30				September 30
	2019		2018		2019		2018
Numerator:
Net Earnings Attributable to Tennant Company	$	14.6	$	9.7	$	34.8	$	25.7
Denominator:
Basic - Weighted Average Shares Outstanding	18,134,909		17,998,917		18,086,962		17,911,880
Effect of dilutive securities:
Share-based compensation plans	353,039		440,704		315,967		432,933
Diluted - Weighted Average Shares Outstanding	18,487,948		18,439,621		18,402,929		18,344,813
Basic Earnings per Share	$	0.81	$	0.54	$	1.93	$	1.43
Diluted Earnings per Share	$	0.79	$	0.52	$	1.89	$	1.40

Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 485,853 and 139,106 shares of common stock during the three months ended September 30, 2019 and 2018, respectively. Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 687,972 and 214,605 shares of common stock during the nine months ended September 30, 2019 and 2018, respectively. These exclusions were made if the exercise prices of the options are greater than the average market price of our common stock for the period, if the number of shares we can repurchase under the treasury stock method exceeds the weighted average shares outstanding in the options or if we have a net loss, as these effects are anti-dilutive.