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Note 16 - Earnings Attributable to Tennant Company Per Share
 6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

16.

Earnings Attributable to Tennant Company Per Share

 

The computations of basic and diluted earnings per share were as follows:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2021

  

2020

  

2021

  

2020

 

Numerator:

                

Net income attributable to Tennant Company

 $9.8  $14.3  $35.5  $19.5 

Denominator:

                

Basic - weighted average shares outstanding

  18,547,276   18,347,189   18,501,930   18,317,003 

Effect of dilutive securities:

                

Share-based compensation plans

  384,427   237,504   377,686   297,524 

Diluted - weighted average shares outstanding

  18,931,703   18,584,693   18,879,616   18,614,527 

Basic earnings per share attributable to Tennant Company

 $0.53  $0.78  $1.92  $1.06 

Diluted earnings per share attributable to Tennant Company

 $0.51  $0.77  $1.88  $1.05 

 

Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 143,505 and 818,912 shares of common stock during the three months ended June 30, 2021 and 2020, respectively. Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 146,191 and 532,564 shares of common stock during the six months ended  June 30, 2021 and 2020, respectively. These exclusions were made if the exercise prices of the options are greater than the average market price of our common stock for the period, if the number of shares we can repurchase under the treasury stock method exceeds the weighted average shares outstanding in the options or if we have a net loss, as these effects are anti-dilutive.