EARNINGS PER SHARE DATA

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):



	December 31,
	2018			2017			2016
Basic:
Weighted average shares outstanding	17,553			17,400			15,042

Net income attributable to DXP Enterprises, Inc.	$	35,632		$	16,888		$	7,702
Convertible preferred stock dividend	(90		)	(90		)	(90		)
Net income attributable to common shareholders	$	35,542		$	16,798		$	7,612
Per share amount	$	2.02		$	0.97		$	0.51

Diluted:
Weighted average shares outstanding	17,553			17,400			15,042
Assumed conversion of convertible preferred stock	840			840			840
Total dilutive shares	18,393			18,240			15,882
Net income attributable to common shareholders	$	35,542		$	16,798		$	7,612
Convertible preferred stock dividend	90			90			90
Net income attributable to DXP Enterprises, Inc.	$	35,632		$	16,888		$	7,702
Per share amount	$	1.94		$	0.93		$	0.49

Basic earnings per share have been computed by dividing net earnings by the weighted average number of common shares outstanding during the period and excludes dilutive securities. Diluted earnings per share reflects the potential dilution that could occur if the preferred stock was converted into common stock. Restricted stock is considered a participating security and is included in the computation of basic earnings per share as if vested.The Preferred Stock is convertible into 840,000 shares of common stock.