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Earnings per Share | 12 Months Ended
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Dec. 31, 2018
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Earnings per Share |
31. | Earnings per Share
The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a deferred stock plan and subscription warrants—indemnification, as mentioned in Notes 8.c and 24, respectively.
Basic Earnings per Share |  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  | Restated (i) |  |  | Restated (i) |
Net income for the year of the Company |  |  | 1,150,421 |  |  |  | 1,526,505 |  |  |  | 1,537,837 |
Weighted average shares outstanding (in thousands) |  |  | 1,084,128 |  |  |  | 1,083,825 |  |  |  | 1,082,782 |
Basic earnings per share –R$ |  |  | 1.0611 |  |  |  | 1.4084 |  |  |  | 1.4203 |
Diluted Earnings per Share |  |  |  |  |  |  |  |  |  |  |  |
Net income for the year of the Company |  |  | 1,150,421 |  |  |  | 1,526,505 |  |  |  | 1,537,837 |
Weighted average shares outstanding (in thousands), including dilution effects |  |  | 1,091,335 |  |  |  | 1,091,605 |  |  |  | 1,091,019 |
Diluted earnings per share –R$ |  |  | 1.0541 |  |  |  | 1.3984 |  |  |  | 1.4095 |
Weighted Average Shares Outstanding (in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic per share calculation |  |  | 1,084,128 |  |  |  | 1,083,825 |  |  |  | 1,082,782 |
Dilution effect |  |  |  |  |  |  |  |  |  |  |  |
Subscription warrants—indemnification |  |  | 4,603 |  |  |  | 4,791 |  |  |  | 4,535 |
Deferred Stock Plan |  |  | 2,602 |  |  |  | 3,064 |  |  |  | 3,702 |
Weighted average shares outstanding for diluted per share calculation |  |  | 1,091,335 |  |  |  | 1,091,605 |  |  |  | 1,091,019 |
(i) | See Note 2.x.
Earnings per share were adjusted retrospectively as disclosure in Note 35.

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