Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per ShareBasic earnings per share is computed by dividing net income attributable to MasTec by the weighted average number of common shares outstanding for the period, which excludes non-participating unvested restricted share awards. Diluted earnings per share is computed by dividing net income attributable to MasTec by the weighted average number of fully diluted shares, as calculated under the treasury stock method, which includes the potential effect of dilutive common stock equivalents, such as issued but unvested restricted shares. If the Company reports a loss, rather than income, the computation of diluted loss per share excludes the effect of dilutive common stock equivalents, as their effect would be anti-dilutive.

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


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Net income attributable to MasTec:
Net income - basic and diluted (a)	$	75,451	$	57,005	$	141,100	$	93,235
Weighted average shares outstanding:
Weighted average shares outstanding - basic	72,501		72,045		72,470		73,392
Dilutive common stock equivalents (b)	1,475		732		1,443		743
Weighted average shares outstanding - diluted	73,976		72,777		73,913		74,135

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

(b)For the six month periods ended June 30, 2021 and 2020, anti-dilutive common stock equivalents totaled 2,166 and 88,462, respectively.