Earnings Per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2019 and 2018 (in thousands, except share and per share data):



	For the three months ended September 30,
	2019		2018
Numerator:
Income from continuing operations attributable to EMCOR Group, Inc. common stockholders	$	81,834	$	79,896
Loss from discontinued operation, net of income taxes	—		(523		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	81,834	$	79,373
Denominator:
Weighted average shares outstanding used to compute basic earnings (loss) per common share	56,216,840		58,208,203
Effect of dilutive securities—Share-based awards	341,610		333,107
Shares used to compute diluted earnings (loss) per common share	56,558,450		58,541,310
Basic earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	1.46	$	1.37
From discontinued operation	—		(0.01		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	1.46	$	1.36
Diluted earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	1.45	$	1.36
From discontinued operation	—		(0.01		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	1.45	$	1.35



	For the nine months ended September 30,
	2019		2018
Numerator:
Income from continuing operations attributable to EMCOR Group, Inc. common stockholders	$	238,216	$	206,573
Loss from discontinued operation, net of income taxes	—		(1,010		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	238,216	$	205,563
Denominator:
Weighted average shares outstanding used to compute basic earnings (loss) per common share	56,189,388		58,422,928
Effect of dilutive securities—Share-based awards	305,042		331,939
Shares used to compute diluted earnings (loss) per common share	56,494,430		58,754,867
Basic earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	4.24	$	3.54
From discontinued operation	—		(0.02		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	4.24	$	3.52
Diluted earnings (loss) per common share:
From continuing operations attributable to EMCOR Group, Inc. common stockholders	$	4.22	$	3.52
From discontinued operation	—		(0.02		)
Net income attributable to EMCOR Group, Inc. common stockholders	$	4.22	$	3.50

There were no anti-dilutive share-based awards for the three and nine months ended September 30, 2019 and the three months ended September 30, 2018. The number of outstanding share-based awards that were excluded from the computation of diluted EPS for the nine months ended September 30, 2018 because they would be anti-dilutive were 550.