EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

Basic EPS is computed based upon the weighted average number of common shares outstanding during each period. Diluted EPS is computed on the basis of the weighted average number of common shares outstanding plus the potential dilutive effect of certain share-based compensation awards and the equity forward sale agreement, as if they were converted into outstanding common shares. The dilutive effect of unvested RSU and performance share awards, as well as the equity forward sale agreement, is calculated using the treasury stock method. RSU and performance share awards are included in basic weighted average common shares outstanding as of the date that all necessary vesting conditions have been satisfied.

As described in Note 12, "Common Shares," earnings per share dilution, if any, related to the forward sale agreement is determined under the treasury stock method until settlement of the forward sale agreement. Under this method, the number of Eversource common shares used in calculating diluted EPS is deemed to be increased by the excess, if any, of the number of shares that would be issued upon physical settlement of the forward sale agreement less the number of shares that would be purchased by Eversource in the market (based on the average market price during the same reporting period) using the proceeds receivable upon settlement (based on the adjusted forward sale price at the end of that reporting period). Share dilution occurs when the average market price of Eversource's common shares is higher than the adjusted forward sale price.

For the three and six months ended June 30, 2020, there were 158,242 and 79,121 antidilutive share awards excluded from the EPS computation, respectively, as their impact would have been antidilutive. Antidilutive shares pertained to a purchase option extended to underwriters in connection with Eversource's common share issuance on June 15, 2020. See Note 12, "Common Shares," for further information. There were no antidilutive share awards excluded from the computation for the three and six months ended June 30, 2019.

The following table sets forth the components of basic and diluted EPS:



Eversource (Millions of Dollars, except share information)	For the Three Months Ended				For the Six Months Ended
Eversource (Millions of Dollars, except share information)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Net Income Attributable to Common Shareholders	$	252.2	$	31.5	$	587.0	$	340.1
Weighted Average Common Shares Outstanding:
Basic	337,946,663		319,664,998		334,524,452		318,644,796
Dilutive Effect of:
Share-Based Compensation Awards and Other	614,986		645,450		681,110		668,470
Equity Forward Sale Agreement	—		78,042		543,842		39,021
Total Dilutive Effect	614,986		723,492		1,224,952		707,491
Diluted	338,561,649		320,388,490		335,749,404		319,352,287
Basic and Diluted EPS	$	0.75	$	0.10	$	1.75	$	1.07