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Earnings Per Share

9 Months Ended

Sep. 30, 2019

15. Earnings Per Share

The following tables sets forth the computation of basic and diluted earnings per share:


	Three months ended September 30,
	2019		2018
Numerator:
Net earnings (loss) attributable to the Company	$	(575)	$	120
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		155,536		159,032
Effect of dilutive securities:
Stock options and other				2,003
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		155,536		161,035
Basic earnings per share:
Earnings (loss) from continuing operations	$	(3.69)	$	0.75
Loss from discontinued operations
Net earnings (loss)	$	(3.69)	$	0.75
Diluted earnings per share:
Earnings (loss) from continuing operations	$	(3.69)	$	0.75
Loss from discontinued operations
Net earnings (loss)	$	(3.69)	$	0.75

Options to purchase 2,446,932 and 1,794,634 weighted average shares of common stock, which were outstanding during the three months September 30, 2019 and 2018, respectively, were not included in the computation of diluted earnings per share because the options exercise price was greater than the average market price of the common shares. For the three months ended September 30, 2019, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the loss from continuing operations.


	Nine months ended September 30,
	2019		2018
Numerator:
Net earnings (loss) attributable to the Company	$	(430)	$	267
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		155,083		160,936
Effect of dilutive securities:
Stock options and other				2,041
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		155,083		162,977
Basic earnings per share:
Earnings (loss) from continuing operations	$	(2.77)	$	1.67
Loss from discontinued operations		(0.01)		(0.01)
Net earnings (loss)	$	(2.78)	$	1.66
Diluted earnings per share:
Earnings (loss) from continuing operations	$	(2.77)	$	1.65
Loss from discontinued operations		(0.01)		(0.01)
Net earnings (loss)	$	(2.78)	$	1.64

Options to purchase 1,848,974 and 1,854,809 weighted average shares of common stock, which were outstanding during the nine months ended September 30, 2019 and 2018, respectively, were not included in the computation of diluted earnings per share because the options exercise price was greater than the average market price of the common shares. For the nine months ended September 30, 2019, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the loss from continuing operations.