Note 19 - Income Attributable to Tennant Company Per Share

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

19. Income Attributable to Tennant Company Per Share

The computations of basic and diluted earnings attributable to Tennant Company per share for the years ended December 31 were as follows:

	2021		2020		2019
Numerator:
Net income attributable to Tennant Company	$	64.9	$	33.7	$	45.8
Denominator:
Basic - weighted average shares outstanding		18,499,674		18,349,724		18,118,486
Effect of dilutive securities		349,543		285,278		334,659
Diluted - weighted average shares outstanding		18,849,217		18,635,002		18,453,145
Basic earnings per share attributable to Tennant Company	$	3.51	$	1.84	$	2.53
Diluted earnings per share attributable to Tennant Company	$	3.44	$	1.81	$	2.48

Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 171,273, 610,118 and 552,402 shares of common stock during 2021, 2020 and 2019, respectively. These exclusions were made if the exercise prices of these 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 shares outstanding in the options or if we have a net loss, as these effects are anti-dilutive.