Quarterly report pursuant to Section 13 or 15(d)

Per Share Information

v2.4.1.9
Per Share Information
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Per Share Information
6. PER SHARE INFORMATION:

Basic earnings per share is computed using the weighted average number of common shares outstanding during the period, and diluted earnings per share is computed using the weighted average number of common shares outstanding during the period adjusted for all potentially dilutive common stock equivalents, except in cases where the effect of the common stock equivalent would be antidilutive. The amounts used to compute the basic and diluted earnings per share for the three months ended March 31, 2015 and 2014 are illustrated below (in thousands):

 

     Three Months Ended
March 31,		  
     2015      2014  

Amounts attributable to common stock:

      

Net income attributable to common stock

    $ 53,484       $ 54,408   
  

 

 

     

 

 

  

Weighted average shares:

Weighted average shares outstanding for basic earnings per share

   215,473      219,033   

Effect of dilutive stock options

   17      42   
  

 

 

     

 

 

  

Weighted average shares outstanding for diluted earnings per share

   215,490      219,075   
  

 

 

     

 

 

  

For purposes of calculating diluted earnings per share, there were no adjustments required to derive Quanta’s net income attributable to common stock. Outstanding exchangeable shares that were issued pursuant to certain of Quanta’s historical acquisitions (as further discussed in Note 8), which are exchangeable on a one-for-one basis with shares of Quanta common stock, have been included in weighted average shares outstanding for basic and diluted earnings per share for the three months ended March 31, 2015 and 2014 for the portion of the respective periods that they were outstanding.