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Net Income Per Share (Text Block)
9 Months Ended
Oct. 02, 2020
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share from Continuing Operations Net Income (Loss) Per Share from Continuing Operations
Net income (loss) per share from continuing operations was computed as follows:
Three Months EndedNine Months Ended
October 2, 2020September 27, 2019October 2, 2020September 27, 2019
(In thousands, except share and per share data)
Computation of Net income (loss) per share from continuing operations - basic:
Net income (loss) from continuing operations attributable to Colfax Corporation (1)
$16,047 $2,901 $20,319 $(18,636)
Weighted-average shares of Common stock outstanding – basic
136,832,909 136,121,017 136,730,112 135,440,566 
Net income (loss) per share from continuing operations – basic
$0.12 $0.02 $0.15 $(0.14)
Computation of Net income (loss) per share from continuing operations - diluted:
Net income (loss) from continuing operations attributable to Colfax Corporation (1)
$16,047 $2,901 $20,319 $(18,636)
Weighted-average shares of Common stock outstanding – basic
136,832,909 136,121,017 136,730,112 135,440,566 
Net effect of potentially dilutive securities - stock options, restricted stock units and tangible equity units1,257,701 929,143 2,339,794 — 
Weighted-average shares of Common stock outstanding – diluted
138,090,610 137,050,160 139,069,906 135,440,566 
Net income (loss) per share from continuing operations – diluted
$0.12 $0.02 $0.15 $(0.14)
(1) Net income (loss) from continuing operations attributable to Colfax Corporation for the respective periods is calculated using Net income (loss) from continuing operations less the continuing operations component of the income attributable to noncontrolling interest, net of taxes, of $0.8 million and $2.2 million for the three and nine months ended October 2, 2020, and $0.9 million and $3.1 million for the three and nine months ended September 27, 2019, respectively.

For all periods presented, the weighted-average shares of Common stock outstanding - basic includes the impact of 18.4 million shares related to the issuance of Colfax’s tangible equity units. For the nine months ended October 2, 2020, the weighted-average shares of Common stock outstanding - diluted includes the impact of an additional 1.2 million potentially issuable dilutive shares related to Colfax’s tangible equity units as a result of the Company’s share price in March 2020. See Note 8, “Equity” for details.

The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method for the three and nine months ended October 2, 2020 excludes 2.8 million and 4.2 million, respectively, of outstanding stock-based compensation awards as their inclusion would be anti-dilutive.

The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method for the three and nine months ended September 27, 2019 excludes 4.4 million and 4.6 million, respectively, of outstanding stock-based compensation awards as their inclusion would be anti-dilutive.