Earnings Per Share

6 Months Ended

Jun. 30, 2016

Calculation of Basic and Diluted Earnings (Loss) per Common Share

The following tables summarize our calculation of Basic and Diluted Earnings (Loss) per Common Share (“EPS”) for the three and six months ended June 30, 2016 and 2015 (in thousands, except share and per share data):



	For the three months ended June 30,
	2016			2015
Numerator:
Income from continuing operations attributable to EMCOR Group, Inc. common stockholders	$	56,477		$	46,963
Loss from discontinued operation, net of income taxes	(1,097		)	(114		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	55,380		$	46,849
Denominator:
Weighted average shares outstanding used to compute basic earnings (loss) per common share	60,808,502			62,809,699
Effect of dilutive securities—Share-based awards	395,719			520,554
Shares used to compute diluted earnings (loss) per common share	61,204,221			63,330,253
Basic earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	0.93		$	0.75
From discontinued operation	$	(0.02	)	$	(0.00	)
Net income attributable to EMCOR Group, Inc. common stockholders	$	0.91		$	0.75
Diluted earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	0.92		$	0.74
From discontinued operation	$	(0.02	)	$	(0.00	)
Net income attributable to EMCOR Group, Inc. common stockholders	$	0.90		$	0.74



	For the six months ended June 30,
	2016			2015
Numerator:
Income from continuing operations attributable to EMCOR Group, Inc. common stockholders	$	90,906		$	80,167
Loss from discontinued operation, net of income taxes	(1,178		)	(469		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	89,728		$	79,698
Denominator:
Weighted average shares outstanding used to compute basic earnings (loss) per common share	60,854,781			62,932,295
Effect of dilutive securities—Share-based awards	421,497			536,327
Shares used to compute diluted earnings (loss) per common share	61,276,278			63,468,622
Basic earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	1.49		$	1.27
From discontinued operation	$	(0.02	)	$	(0.01	)
Net income attributable to EMCOR Group, Inc. common stockholders	$	1.47		$	1.26
Diluted earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	1.48		$	1.26
From discontinued operation	$	(0.02	)	$	(0.01	)
Net income attributable to EMCOR Group, Inc. common stockholders	$	1.46		$	1.25

There were no anti-dilutive restricted stock units for the three and six months ended June 30, 2016. The number of outstanding restricted stock units that were excluded from the computation of diluted EPS for the three and six months ended June 30, 2015 because they would be anti-dilutive were zero and 35,625, respectively.