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Net Income Per Share (Text Block)
 3 Months Ended
Apr. 02, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share from Continuing Operations Net Income Per Share from Continuing Operations
Net income per share from continuing operations was computed as follows:
Three Months Ended
April 2, 2021April 3, 2020
(In thousands, except share and per share data)
Computation of Net income per share from continuing operations - basic:
Net income from continuing operations attributable to Colfax Corporation (1)
$26,564 $7,841 
Weighted-average shares of Common stock outstanding – basic
139,603,389 136,601,111 
Net income per share from continuing operations – basic
$0.19 $0.06 
Computation of Net income per share from continuing operations - diluted:
Net income from continuing operations attributable to Colfax Corporation (1)
$26,564 $7,841 
Weighted-average shares of Common stock outstanding – basic
139,603,389 136,601,111 
Net effect of potentially dilutive securities - stock options, restricted stock units and tangible equity units2,167,918 4,868,927 
Weighted-average shares of Common stock outstanding – diluted
141,771,307 141,470,038 
Net income per share from continuing operations – diluted
$0.19 $0.06 
(1) Net income from continuing operations attributable to Colfax Corporation for the respective periods is calculated using Net income from continuing operations less the income attributable to noncontrolling interest, net of taxes, of $1.2 million for the three months ended April 2, 2021, and $1.0 million for the three months ended April 3, 2020, respectively.

For three months ended April 2, 2021 and April 3, 2020, 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 three months ended April 3, 2020, the weighted-average shares of Common stock outstanding - diluted includes the impact of an additional 3.7 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 months ended April 2, 2021 and April 3, 2020 excludes 1.4 million and 3.9 million, respectively, of outstanding stock-based compensation awards as their inclusion would be anti-dilutive.