Quarterly report pursuant to Section 13 or 15(d)

Per Share Information

v3.10.0.1
Per Share Information
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Per Share Information
PER SHARE INFORMATION:
The amounts used to compute basic and diluted earnings per share attributable to common stock for the three and six months ended June 30, 2018 and 2017 is illustrated below (in thousands):
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2018
 
2017
 
2018
 
2017
Amounts attributable to common stock:
 
 
 
 
 
 
 
 
Net income attributable to common stock
 
$
74,365

 
$
63,837

 
$
111,979

 
$
112,104

 
 
 
 
 
 
 
 
 
Weighted average shares:
 
 
 
 
 
 
 
 
Weighted average shares outstanding for basic earnings per share attributable to common stock
 
153,325

 
155,090

 
154,906

 
154,859

Effect of dilutive unvested non-participating stock-based awards
 
1,270

 
1,075

 
1,206

 
886

Weighted average shares outstanding for diluted earnings per share attributable to common stock
 
154,595

 
156,165

 
156,112

 
155,745


Basic and diluted earnings per share attributable to common stock are computed using the weighted average number of shares of common stock outstanding during the applicable period. 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 the calculation of weighted average shares outstanding for basic and diluted earnings per share attributable to common stock for the portion of the periods that they were outstanding. Additionally, unvested stock-based awards that contain non-forfeitable rights to dividends or dividend equivalents (participating securities) have been included in the calculation of basic and diluted earnings per share attributable to common stock for the portion of the periods that the awards were outstanding. Weighted average shares outstanding for basic and diluted earnings per share attributable to common stock for each of the three and six months ended June 30, 2018 included 2.6 million weighted average participating securities. Weighted average shares outstanding for basic and diluted earnings per share attributable to common stock for the three and six months ended June 30, 2017 included 2.3 million and 2.5 million weighted average participating securities.
For purposes of calculating diluted earnings per share attributable to common stock, there were no adjustments required to derive Quanta’s net income attributable to common stock. Diluted earnings per share attributable to common stock is computed using the weighted average number of shares of common stock outstanding during the period adjusted for all potentially dilutive common stock equivalents, except in cases where the effect of the common stock equivalents would be antidilutive.