Earnings Per Share

6 Months Ended

Jun. 30, 2019

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, 2019 and 2018 (in thousands, except share and per share data):



	For the three months ended June 30,
	2019		2018
Numerator:
Income from continuing operations attributable to EMCOR Group, Inc. common stockholders	$	83,972	$	71,021
Loss from discontinued operation, net of income taxes	—		(205		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	83,972	$	70,816
Denominator:
Weighted average shares outstanding used to compute basic earnings (loss) per common share	56,181,864		58,332,934
Effect of dilutive securities—Share-based awards	317,650		337,661
Shares used to compute diluted earnings (loss) per common share	56,499,514		58,670,595
Basic earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	1.49	$	1.22
From discontinued operation	—		(0.00		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	1.49	$	1.22
Diluted earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	1.49	$	1.21
From discontinued operation	—		(0.00		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	1.49	$	1.21



	For the six months ended June 30,
	2019		2018
Numerator:
Income from continuing operations attributable to EMCOR Group, Inc. common stockholders	$	156,382	$	126,677
Loss from discontinued operation, net of income taxes	—		(487		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	156,382	$	126,190
Denominator:
Weighted average shares outstanding used to compute basic earnings (loss) per common share	56,175,219		58,531,150
Effect of dilutive securities—Share-based awards	286,758		331,355
Shares used to compute diluted earnings (loss) per common share	56,461,977		58,862,505
Basic earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	2.78	$	2.16
From discontinued operation	—		(0.01		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	2.78	$	2.15
Diluted earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	2.77	$	2.15
From discontinued operation	—		(0.01		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	2.77	$	2.14

The number of outstanding share-based awards that were excluded from the computation of diluted EPS for the three and six months ended June 30, 2019 because they would be anti-dilutive were zero and 25,061, respectively. The number of outstanding share-based awards that were excluded from the computation of diluted EPS for the three and six months ended June 30, 2018 because they would be anti-dilutive were 500 and 550, respectively.