EARNINGS PER SHARE DATA

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated ( in thousands, except per share data):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Basic:
Weighted average shares outstanding	17,564		17,394		17,547		17,402
Net income attributable to DXP Enterprises, Inc.	$	8,397	$	2,966	$	24,510	$	10,234
Convertible preferred stock dividend	23		23		68		68
Net income attributable to common shareholders	$	8,374	$	2,943	$	24,442	$	10,166
Per share amount	$	0.48	$	0.17	$	1.39	$	0.58

Diluted:
Weighted average shares outstanding	17,564		17,394		17,547		17,402
Assumed conversion of convertible preferred stock	840		840		840		840
Total dilutive shares	18,404		18,234		18,387		18,242
Net income attributable to common shareholders	$	8,374	$	2,943	$	24,442	$	10,166
Convertible preferred stock dividend	23		23		68		68
Net income attributable to DXP Enterprises, Inc.	$	8,397	$	2,966	$	24,510	$	10,234
Per share amount	$	0.46	$	0.16	$	1.33	$	0.56

Series A Preferred Stock

The holders of Series A preferred stock are entitled to one-tenth of a vote per share on all matters presented to a vote

of shareholders generally, voting as a class with the holders of common stock, and are not entitled to any dividends or distributions other than in the event of a liquidation of the Company, in which case the holders of the Series A preferred stock are entitled to a $100 liquidation preference per share. At September 30, 2018, 1,122 shares of Series A Preferred Stock were issued and outstanding.

Series B Preferred Stock

Each share of the Series B convertible preferred stock is convertible into 56 shares of common stock and a monthly dividend per share of $.50. The holders of the Series B convertible stock are also entitled to a $100 liquidation preference per share after payment of the distributions to the holders of the Series A preferred stock and to one-tenth of a vote per share on all matters presented to a vote of shareholders generally, voting as a class with the holders of the common stock. At September 30, 2018, 15,000 shares of Series B Preferred Stock were issued and outstanding.