v2.3.0.15
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2011
Earnings Per Share 
Calculations of the basic and diluted EPS

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

(in thousands, except per share amounts)

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Fluor Corporation

 

$

135,362

 

$

(53,636

)

$

440,572

 

$

240,374

 

 

 

 

 

 

 

 

 

 

 

Basic EPS:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

171,576

 

178,248

 

173,607

 

178,208

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.79

 

$

(0.30

)

$

2.54

 

$

1.35

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS*:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

171,576

 

178,248

 

173,607

 

178,208

 

 

 

 

 

 

 

 

 

 

 

Diluted effect:

 

 

 

 

 

 

 

 

 

Employee stock options and restricted stock units and shares

 

1,252

 

 

1,425

 

1,260

 

Conversion equivalent of dilutive convertible debt

 

350

 

 

787

 

1,410

 

Weighted average diluted shares outstanding

 

173,178

 

178,248

 

175,819

 

180,878

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share

 

$

0.78

 

$

(0.30

)

$

2.51

 

$

1.33

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive securities not included above

 

1,000

 

4,574

 

770

 

1,497

 

 

* Due to the net loss in the third quarter of 2010, basic shares were used to calculate diluted earnings per share. Adding dilutive securities would result in anti-dilution.