Earnings Per Share

9 Months Ended

Sep. 30, 2018

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 nine months ended September 30, 2018 and 2017 (in thousands, except share and per share data):



	For the three months ended September 30,
	2018			2017
Numerator:
Income from continuing operations attributable to EMCOR Group, Inc. common stockholders	$	79,896		$	64,804
Loss from discontinued operation, net of income taxes	(523		)	(207		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	79,373		$	64,597
Denominator:
Weighted average shares outstanding used to compute basic earnings (loss) per common share	58,208,203			59,061,768
Effect of dilutive securities—Share-based awards	333,107			357,432
Shares used to compute diluted earnings (loss) per common share	58,541,310			59,419,200
Basic earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	1.37		$	1.10
From discontinued operation	(0.01		)	(0.00		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	1.36		$	1.10
Diluted earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	1.36		$	1.09
From discontinued operation	(0.01		)	(0.00		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	1.35		$	1.09



	For the nine months ended September 30,
	2018			2017
Numerator:
Income from continuing operations attributable to EMCOR Group, Inc. common stockholders	$	206,573		$	174,724
Loss from discontinued operation, net of income taxes	(1,010		)	(729		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	205,563		$	173,995
Denominator:
Weighted average shares outstanding used to compute basic earnings (loss) per common share	58,422,928			59,371,672
Effect of dilutive securities—Share-based awards	331,939			349,513
Shares used to compute diluted earnings (loss) per common share	58,754,867			59,721,185
Basic earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	3.54		$	2.94
From discontinued operation	(0.02		)	(0.01		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	3.52		$	2.93
Diluted earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	3.52		$	2.93
From discontinued operation	(0.02		)	(0.01		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	3.50		$	2.92

The number of outstanding share-based awards that were excluded from the computation of diluted EPS for the three and nine months ended September 30, 2018 because they would be anti-dilutive were zero and 550, respectively. The number of outstanding share-based awards that were excluded from the computation of diluted EPS for each of the three and nine months ended September 30, 2017 because they would be anti-dilutive were 500.