EARNINGS PER SHARE DATA

12 Months Ended

Dec. 31, 2020

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):


	December 31,
	2020		2019		2018
Basic:
Weighted average shares outstanding	17,748		17,592		17,553

Net income (loss) attributable to DXP Enterprises, Inc.	$	(28,726)	$	36,035	$	35,632
Convertible preferred stock dividend	(90)		(90)		(90)
Net income (loss) attributable to common shareholders	$	(28,816)	$	35,945	$	35,542
Per share amount	$	(1.62)	$	2.04	$	2.02

Diluted:
Weighted average shares outstanding	17,748		17,592		17,553
Assumed conversion of convertible preferred stock	—		840		840
Total dilutive shares	17,748		18,432		18,393
Net income (loss) attributable to common shareholders	$	(28,816)	$	35,945	$	35,542
Convertible preferred stock dividend	—		90		90
Net income (loss) attributable to DXP Enterprises, Inc.	$	(28,816)	$	36,035	$	35,632
Per share amount	$	(1.62)	$	1.96	$	1.94

Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the period and excludes dilutive securities. Diluted earnings per share reflects the potential dilution that could occur if the preferred stock was converted into common stock. Restricted stock is considered a participating security and is included in the computation of basic earnings per share as if vested.The preferred stock is convertible into 840,000 shares of common stock. For the twelve months ended December 31, 2020, we excluded from the diluted EPS calculation 840,000 convertible preferred shares, respectively, since the effect would have been antidilutive.