EARNINGS PER SHARE

9 Months Ended

Sep. 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 nine months ended September 30, 2020, there were 52,747 antidilutive share awards excluded from the EPS computation, 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 months ended September 30, 2020 and 2019 or the nine months ended September 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 Nine Months Ended
Eversource (Millions of Dollars, except share information)	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Net Income Attributable to Common Shareholders	$	346.3	$	318.9	$	933.2	$	659.0
Weighted Average Common Shares Outstanding:
Basic	343,076,614		324,037,169		337,375,172		320,442,253
Dilutive Effect of:
Share-Based Compensation Awards and Other	696,988		737,972		686,403		691,636
Equity Forward Sale Agreement	—		1,233,201		362,525		437,037
Total Dilutive Effect	696,988		1,971,173		1,048,928		1,128,673
Diluted	343,773,602		326,008,342		338,424,100		321,570,926
Basic EPS	$	1.01	$	0.98	$	2.77	$	2.06
Diluted EPS	$	1.01	$	0.98	$	2.76	$	2.05