Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

The following table provides details underlying the Company’s earnings per share calculations for the periods indicated (in thousands):



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2013			2012			2013			2012
Net income attributable to MasTec:
Basic net income from continuing operations ⁽¹⁾	$	49,960		$	36,098		$	104,702		$	78,957
Interest expense, net of tax, 2009 Convertible Notes	79			78			235			234
Diluted net income from continuing operations	$	50,039		$	36,176		$	104,937		$	79,191
Net loss from discontinued operations ⁽¹⁾	(3,822		)	(9,277		)	(5,252		)	(7,872		)
Diluted net income attributable to MasTec	$	46,217		$	26,899		$	99,685		$	71,319
Weighted average shares outstanding:
Basic weighted average shares outstanding	77,093			76,194			76,816			79,009
Dilutive common stock equivalents	775			887			774			842
Dilutive premium shares, 2011 Convertible Notes	6,790			1,639			6,337			1,325
Dilutive shares, 2009 Convertible Notes	806			806			806			806
Diluted weighted average shares outstanding	85,464			79,526			84,733			81,982

(1) Calculated as total net income less amounts attributable to non-controlling interests.

2011 Senior Convertible Notes [Member]

Earnings Per Share [Line Items]

Schedule of Convertible Note Premium Share Information

The calculations underlying the number of premium shares included in the Company’s diluted share count for the periods indicated are as follows (in thousands, except per share amounts):



	As of and for the Three Months Ended September 30,								As of and for the Nine Months Ended September 30,
	2013				2012				2013				2012
	2011 4.0% Notes		2011 4.25% Notes		2011 4.0% Notes		2011 4.25% Notes		2011 4.0% Notes		2011 4.25% Notes		2011 4.0% Notes		2011 4.25% Notes
Number of conversion shares, principal amount	6,683		6,268		6,683		6,268		6,683		6,268		6,683		6,268
Weighted average actual per share price	$	32.84	$	32.84	$	17.89	$	17.89	$	30.59	$	30.59	$	17.40	$	17.40
Weighted average premium value	$	114,176	$	108,864	$	14,208	$	15,106	$	99,104	$	94,728	$	10,975	$	12,073
Weighted average equivalent premium shares	3,476		3,314		794		845		3,240		3,097		631		694