Earnings per share

3 Months Ended

Mar. 31, 2020

18. Earnings per share

The Company calculates earnings per share in accordance with FASB guidance on earnings per share. Basic and diluted earnings per common share give effect to the change in the number of Company common shares outstanding. The calculation of basic earnings per common share is determined by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the respective periods. The potentially dilutive shares, consisting of outstanding options on common shares, restricted share units, common shares to be issued under the ESPP and performance units, have been included in the computation of diluted net earnings per share and the number of weighted average shares outstanding, except where the result would be anti-dilutive.

The number of stock awards outstanding but not included in the computation of diluted earnings per common share because their effect was anti-dilutive is 4,547,975 and 304,070 for the three months ended March 31, 2019 and 2020, respectively.

	Three months ended March 31,
	2019		2020
Net income available to Genpact Limited common shareholders	$	60,841	$	85,698
Weighted average number of common shares used in computing basic earnings per common share		189,451,845		190,626,757
Dilutive effect of stock-based awards		3,942,363		5,905,756
Weighted average number of common shares used in computing dilutive earnings per common share		193,394,208		196,532,513
Earnings per common share attributable to Genpact Limited common shareholders
Basic	$	0.32	$	0.45
Diluted	$	0.31	$	0.44