EARNINGS PER SHARE DATA

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE DATA

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):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Basic:
Weighted average shares outstanding	17,790		17,602		17,743		17,588
Net income (loss) attributable to DXP Enterprises, Inc.	$	(34,666)	$	13,109	$	(26,814)	$	33,859
Convertible preferred stock dividend	23		23		68		68
Net income (loss) attributable to common shareholders	$	(34,689)	$	13,086	$	(26,882)	$	33,791
Per share amount	$	(1.95)	$	0.74	$	(1.52)	$	1.92
Diluted:
Weighted average shares outstanding	17,790		17,602		17,743		17,588
Assumed conversion of convertible preferred stock	—		840		—		840
Total dilutive shares	17,790		18,442		17,743		18,428
Net income (loss) attributable to common shareholders	$	(34,689)	$	13,086	$	(26,882)	$	33,791
Convertible preferred stock dividend	—		23		—		68
Net income (loss) attributable to DXP Enterprises, Inc.	$	(34,689)	$	13,109	$	(26,882)	$	33,859
Per share amount	$	(1.95)	$	0.71	$	(1.52)	$	1.84

For the three and nine months ended September 30, 2020, we excluded from the diluted EPS calculation 840 thousand convertible preferred shares, respectively, since the effect would have been antidilutive.