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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share | The following table provides details underlying the Company’s earnings per share calculations for the periods indicated (in thousands):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net income (loss) attributable to MasTec: |  |  |  |  |  |  |
Net income (loss) - basic (a) | $ | 16,212 |  |  | $ | 75,451 |  |  | $ | (18,766) |  |  | $ | 141,100 |
Fair value gain (loss) related to resolved contingent payments (b) | $ | 1,025 |  |  | $ | — |  |  | $ | 1,025 |  |  | $ | — |
Net income (loss) - diluted (a) | $ | 15,187 |  |  | $ | 75,451 |  |  | $ | (19,791) |  |  | $ | 141,100 |
Weighted average shares outstanding: |  |  |  |  |  |  |
Weighted average shares outstanding - basic(c) | 74,445 |  |  | 72,501 |  |  | 74,615 |  |  | 72,470 |
Dilutive common stock equivalents (d)(e) | 1,092 |  |  | 1,475 |  |  | 32 |  |  | 1,443 |
Weighted average shares outstanding - diluted | 75,537 |  |  | 73,976 |  |  | 74,647 |  |  | 73,913 |
(a)For basic net income, calculated as total net income or loss less amounts attributable to non-controlling interests. For diluted net income, calculated as total net income or loss, less amounts attributable to non-controlling interests, adjusted for the fair value gain or loss, if any, related to additional contingent payments to the former owners of an acquired business for which the contingency has been resolved as of the respective period. See discussion above and in Note 3 – Acquisitions, Goodwill and Other Intangible Assets. (b)For the three and six month periods ended June 30, 2022, represents the fair value gain or loss related to additional contingent payments for which the contingency has been resolved as of June 30, 2022. See Note 3 – Acquisitions, Goodwill and Other Intangible Assets for additional information. (c)For the three and six month periods ended June 30, 2022, basic shares include approximately 132,000 and 101,000 weighted average shares, respectively, related to additional contingent payments. (d)For the three and six month periods ended June 30, 2022, weighted average anti-dilutive common stock equivalents totaled approximately 178,000 and 1,273,000 respectively, and for the three and six month periods ended June 30, 2021, totaled approximately 1,000 and 2,000, respectively. (e)For the three and six month periods ended June 30, 2022, common stock equivalents included approximately 1,000 and 32,000 weighted average shares, respectively, related to additional contingent payments to the former owners of an acquired business. For the six month period ended June 30, 2022, common stock equivalents were anti-dilutive except to the extent of the common stock equivalents associated with the additional contingent payments.

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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