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Earnings per share attributable to stockholders
9 Months Ended
Sep. 30, 2021
Earnings per share attributable to stockholders  
Earnings per share attributable to stockholders

10.    Earnings per share attributable to stockholders

Basic earnings per share (“EPS”) attributable to stockholders was calculated by dividing the net income attributable to stockholders by the weighted average (“WA”) number of common shares outstanding during the period. Diluted EPS attributable to stockholders was calculated by dividing the net income attributable to stockholders by the weighted average number of shares of common stock outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include unvested PSUs, unvested RSUs, and outstanding stock options. The dilutive effect of potentially dilutive securities is reflected in diluted EPS by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities.

Three months ended

Nine months ended

September 30, 2021

September 30, 2021

Net income

WA

Per

Net income

WA

Per

 

attributable to

 

number

 

share

attributable to

 

number

 

share

    

stockholders

    

of shares

    

amount

    

stockholders

    

of shares

    

amount

Basic

$

32,336

 

110,410,172

$

0.29

$

121,273

 

110,233,851

$

1.10

Effect of dilutive securities:

 

 

 

 

 

 

Share units

 

 

324,218

 

 

 

408,574

 

Stock options

 

 

657,006

 

 

 

690,822

 

(0.01)

Diluted

$

32,336

 

111,391,396

$

0.29

$

121,273

 

111,333,247

$

1.09

Three months ended

Nine months ended

September 30, 2020

September 30, 2020

Net income

WA

Per

Net income

WA

Per

 

attributable to

 

number

 

share

attributable to

 

number

 

share

    

stockholders

    

of shares

    

amount

    

stockholders

    

of shares

    

amount

Basic

$

45,387

109,018,469

$

0.42

$

121,239

 

108,887,026

$

1.11

Effect of dilutive securities:

 

 

 

Share units

548,859

 

 

519,915

 

Stock options

802,390

(0.01)

 

 

653,771

 

(0.01)

Diluted

$

45,387

110,369,718

$

0.41

$

121,239

 

110,060,712

$

1.10