Earnings Attributable to Tennant Company Per Share

9 Months Ended

Sep. 30, 2020

Earnings (Loss) Attributable to Tennant Company Per Share

17.

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
	2020		2019		2020		2019
Numerator:
Net Earnings Attributable to Tennant Company	$	11.7	$	14.6	$	31.2	$	34.8
Denominator:
Basic - Weighted Average Shares Outstanding	18,371,883		18,134,909		18,335,430		18,086,962
Effect of dilutive securities:
Share-based compensation plans	276,445		353,039		288,537		315,967
Diluted - Weighted Average Shares Outstanding	18,648,328		18,487,948		18,623,967		18,402,929
Basic Earnings per Share	$	0.64	$	0.81	$	1.70	$	1.93
Diluted Earnings per Share	$	0.63	$	0.79	$	1.68	$	1.89

Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 578,858 and 485,853 shares of common stock during the three months ended September 30, 2020 and 2019, respectively. Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 620,605 and 687,972 shares of common stock during the nine months ended September 30, 2020 and 2019, 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.