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Earnings per Share | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Earnings per Share |
8. | Earnings per Share
The computational components of basic and diluted earnings per share for the three-month periods ended June 30, are below.
|  | 2021 |  |  | 2020 |
(table only in thousands) Numerator (for basic and diluted earnings per share) |  |  |  |  |  |  |  |
Net income attributable to CECO Environmental Corp. |  | $ | 293 |  |  | $ | 3,258 |
Denominator |  |  |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  | 35,492 |  |  |  | 35,276 |
Common stock equivalents arising from stock options and restricted stock awards |  |  | 327 |  |  |  | 134 |
Diluted weighted-average shares outstanding |  |  | 35,819 |  |  |  | 35,410 |
The computational components of basic and diluted earnings per share for the six-month periods ended June 30, are below.
|  | 2021 |  |  | 2020 |
(table only in thousands) Numerator (for basic and diluted earnings per share) |  |  |  |  |  |  |  |
Net income attributable to CECO Environmental Corp. |  | $ | 1,474 |  |  | $ | 6,670 |
Denominator |  |  |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  | 35,444 |  |  |  | 35,216 |
Common stock equivalents arising from stock options and restricted stock awards |  |  | 353 |  |  |  | 187 |
Diluted weighted-average shares outstanding |  |  | 35,797 |  |  |  | 35,403 |
Options and restricted stock units included in the computation of diluted earnings per share are calculated using the treasury stock method. For the three-month periods ended June 30, 2021 and 2020, 1.9 million and 0.6 million, respectively, and during the six-month periods ended June 30, 2021 and 2020, 1.7 million and 0.5 million, respectively, of outstanding options and restricted stock units were excluded from the computation of diluted earnings per share due to their having an anti-dilutive effect. Once a restricted stock unit vests, it is included in the computation of weighted average shares outstanding for purposes of basic and diluted earnings per share.

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