Per Share Information

9 Months Ended

Sep. 30, 2014

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 and nine months ended September 30, 2014 and 2013 are illustrated below (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Amounts attributable to common stock:
Net income attributable to common stock	$	94,648	$	92,906	$	230,138	$	235,224

Weighted average shares:
Weighted average shares outstanding for basic earnings per share		219,492		214,866		219,395		214,178
Effect of dilutive stock options		25		50		25		51

Weighted average shares outstanding for diluted earnings per share		219,517		214,916		219,420		214,229

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 and nine months ended September 30, 2014 and 2013 for the portion of the respective periods that they were outstanding.

- Definition

The entire disclosure for earnings per share.

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