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Note 16 - Earnings Attributable to Tennant Company Per Share
 9 Months Ended
Sep. 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

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2021

  

2020

  

2021

  

2020

 

Numerator:

                

Net income attributable to Tennant Company

 $21.5  $11.7  $57.0  $31.2 

Denominator:

                

Basic - weighted average shares outstanding

  18,554,136   18,371,883   18,519,523   18,335,430 

Effect of dilutive securities:

                

Share-based compensation plans

  317,081   276,445   350,375   288,537 

Diluted - weighted average shares outstanding

  18,871,217   18,648,328   18,869,898   18,623,967 

Basic earnings per share attributable to Tennant Company

 $1.16  $0.64  $3.08  $1.70 

Diluted earnings per share attributable to Tennant Company

 $1.14  $0.63  $3.02  $1.68 

 

Excluded from the dilutive securities shown above were options to purchase and shares to be paid out under share-based compensation plans of 148,747 and 578,858 shares of common stock during the three months ended September 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 198,853 and 620,605 shares of common stock during the nine months ended  September 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.