Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Information

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,
	2021		2020		2021		2020
Net income attributable to MasTec:
Net income - basic and diluted (a)	$	111,087	$	116,491	$	252,187	$	209,726
Weighted average shares outstanding:
Weighted average shares outstanding - basic	72,503		72,138		72,481		72,971
Dilutive common stock equivalents (b)	1,474		957		1,440		816
Weighted average shares outstanding - diluted	73,977		73,095		73,921		73,787

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

(b)For the three and nine month periods ended September 30, 2021, anti-dilutive common stock equivalents totaled 9,661 and 109,377, respectively. For the three month period ended September 30, 2020 there were no anti-dilutive common stock equivalents, and for the nine month period ended September 30, 2020, anti-dilutive common stock equivalents totaled 58,759.