(6) Diluted earnings per share (“EPS”) reflects the assumed exercise or conversion of all dilutive securities using the treasury stock method.

The calculations of the basic and diluted EPS for the three and nine months ended September 30, 2013 and 2012 are presented below:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands, except per share amounts)	2013		2012		2013		2012

Net earnings attributable to Fluor Corporation	$	173,046	$	144,583	$	500,916	$	460,655

Basic EPS:
Weighted average common shares outstanding	162,940		166,660		162,715		167,925

Basic earnings per share	$	1.06	$	0.87	$	3.08	$	2.74

Diluted EPS:
Weighted average common shares outstanding	162,940		166,660		162,715		167,925

Diluted effect:
Employee stock options and restricted stock units and shares	1,490		964		1,218		1,004
Conversion equivalent of dilutive convertible debt	415		344		391		342
Weighted average diluted shares outstanding	164,845		167,968		164,324		169,271

Diluted earnings per share	$	1.05	$	0.86	$	3.05	$	2.72

Anti-dilutive securities not included above	1,845		1,653		1,914		1,529

During the three and nine months ended September 30, 2012, the company repurchased and cancelled 600,900 and 3,223,949 shares of its common stock, respectively, under its stock repurchase program for $31 million and $164 million, respectively.