Earnings Per Share

9 Months Ended

Sep. 30, 2021

The following table represents calculations of net earnings per share of common stock:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net income attributable to Chart Industries, Inc.
Income from continuing operations	$	14.9	$	15.6	$	47.0	$	31.4
Income from discontinued operations, net of tax	—		6.1		—		18.9
Net income attributable to Chart Industries, Inc.	$	14.9	$	21.7	$	47.0	$	50.3

Earnings per common share – basic:
Income from continuing operations	$	0.42	$	0.44	$	1.32	$	0.89
Income from discontinued operations	—		0.18		—		0.53
Net income attributable to Chart Industries, Inc.	$	0.42	$	0.62	$	1.32	$	1.42

Earnings per common share – diluted:
Income from continuing operations	$	0.36	$	0.43	$	1.15	$	0.88
Income from discontinued operations	—		0.17		—		0.53
Net income attributable to Chart Industries, Inc.	$	0.36	$	0.60	$	1.15	$	1.41

Weighted average number of common shares outstanding – basic	35.62		35.23		35.59		35.40
Incremental shares issuable upon assumed conversion and exercise of share-based awards	0.35		0.28		0.33		0.21
Incremental shares issuable due to dilutive effect of convertible notes	2.90		0.43		2.71		—
Incremental shares issuable due to dilutive effect of warrants	2.57		—		2.33		—
Weighted average number of common shares outstanding – diluted	41.44		35.94		40.96		35.61

Diluted earnings per share does not reflect the following potential common shares as the effect would be anti-dilutive:


	Three Months Ended September 30,		Nine Months Ended September 30,
		2021	2020	2021	2020
Share-based awards		—	0.25	0.04	0.46
Convertible note hedge and capped call transactions (1)		—	0.43	—	—
Warrants		2.90	4.40	2.71	4.40
Total anti-dilutive securities		2.90	5.08	2.75	4.86

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(1)The convertible note hedge offsets any dilution upon actual conversion of the 2024 Notes up to a common stock price of $71.775 per share. For further information, refer to Note 9, “Debt and Credit Arrangements.”