Note 16 - Income Attributable to Tennant Company Per Share

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

16. Income Attributable to Tennant Company Per Share

The computations of basic and diluted earnings per share were as follows:

	Three Months Ended
	March 31,
	2022		2021
Numerator:
Net income attributable to Tennant Company	$	10.3	$	25.7
Denominator:
Basic - weighted average shares outstanding		18,463,419		18,456,079
Effect of dilutive securities:		336,313		375,344
Diluted - weighted average shares outstanding		18,799,732		18,831,423
Basic earnings per share attributable to Tennant Company	$	0.56	$	1.39
Diluted earnings per share attributable to Tennant Company	$	0.55	$	1.37

Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 191,587 and 142,027 shares of common stock during the three months ended March 31, 2022 and 2021, 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 would be anti-dilutive.