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Earnings Per Share | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share. |
Earnings Per Share | 13. Earnings Per Share The Company computes earnings per share attributable to MYR Group Inc. using the treasury stock method. Under the treasury stock method, basic earnings per share attributable to MYR Group Inc. are computed by dividing net income available to stockholders by the weighted average number of common shares outstanding during the period, and diluted earnings per share are computed by dividing net income available to stockholders by the weighted average number of common shares outstanding during the period plus all potentially dilutive common stock equivalents, except in cases where the effect of the common stock equivalent would be anti-dilutive. Net income attributable to MYR Group Inc. and the weighted average number of common shares used to compute basic and diluted earnings per share were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended
​ | ​ | June 30, | ​ | June 30,
(in thousands, except per share data) |  | 2020 |  | 2019 |  | 2020 |  | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Numerator: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Net income attributable to MYR Group Inc. | ​ | $ | 13,385 | ​ | $ | 7,207 | ​ | $ | 23,317 | ​ | $ | 14,560
​ | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
Denominator: | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
Weighted average common shares outstanding | ​ |  | 16,685 | ​ |  | 16,600 | ​ |  | 16,656 | ​ |  | 16,557
Weighted average dilutive securities | ​ |  | 80 | ​ |  | 104 | ​ |  | 95 | ​ |  | 125
Weighted average common shares outstanding, diluted | ​ |  | 16,765 | ​ |  | 16,704 | ​ |  | 16,751 | ​ |  | 16,682
​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |
Income per common share attributable to MYR Group Inc.: | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
Basic | ​ | $ | 0.80 | ​ | $ | 0.43 | ​ | $ | 1.40 | ​ | $ | 0.88
Diluted | ​ | $ | 0.80 | ​ | $ | 0.43 | ​ | $ | 1.39 | ​ | $ | 0.87
​ For the three and six months ended June 30, 2020 and 2019, certain common stock equivalents were excluded from the calculation of dilutive securities because their inclusion would either have been anti-dilutive or, for stock options, the exercise prices of those stock options were greater than the average market price of the Company’s common stock for the period. All of the Company’s unvested time-vested stock awards were included in the computation of weighted average dilutive securities. The following table summarizes the shares of common stock underlying the Company’s unexercised stock options, unvested time-vested stock awards and unvested performance awards that were excluded from the calculation of dilutive securities: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-vested stock awards | ​ | 44 | ​ | — | ​ | — | ​ | —
Performance awards |  | 110 |  | 73 |  | 110 |  | 73
​

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