XML 40 R24.htm IDEA: XBRL DOCUMENT
v3.23.1

Earnings Per Share (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
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 March 31,
|  |  |  |  | 2023 |  | 2022
Net loss attributable to MasTec: |  |  |  |  |  |  |
Net loss - basic and diluted (a) |  |  |  |  | $ | (80,540) |  |  | $ | (34,978) |
Weighted average shares outstanding: |  |  |  |  |  |  |
Weighted average shares outstanding - basic(b) |  |  |  |  | 76,984 |  |  | 74,789 |
Dilutive common stock equivalents (c) |  |  |  |  | — |  |  | — |
Weighted average shares outstanding - diluted |  |  |  |  | 76,984 |  |  | 74,789 |
(a)Basic net income or loss is calculated as total net income or loss, less amounts attributable to non-controlling interests. Diluted net income or loss is 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 Note 3 - Acquisitions, Goodwill and Other Intangible Assets, Net, for additional information. (b)For the three month periods ended March 31, 2023 and 2022, basic shares include approximately 99,000 and 72,000 weighted average shares, respectively, related to additional contingent payments. (c)Weighted average anti-dilutive common stock equivalents totaled approximately 1,330,000 and 1,321,000, for the three month periods ended March 31, 2023 and 2022, respectively. For the three month period ended March 31, 2023, weighted average anti-dilutive common stock equivalents related to additional contingent payments to the former owners of an acquired business were de minimis, and for the three month period ended March 31, 2022, such anti-dilutive common stock equivalents totaled 63,000.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration