Earnings Per Common Share

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common ShareBasic earnings per common share (“EPS”) and diluted EPS are calculated by dividing net income attributable to Tutor Perini Corporation by the following: for basic EPS, the weighted-average number of common shares outstanding during the period; and for diluted EPS, the sum of the weighted-average number of both outstanding common shares and potentially dilutive securities, which for the Company can include restricted stock units and unexercised stock options. Potentially dilutive securities also included the Convertible Notes (as defined in Note 9) prior to their repayment on June 15, 2021; however, the notes had no impact on diluted EPS. The Company calculates the effect of the potentially dilutive restricted stock units and stock options using the treasury stock method.

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per common share data)	2021		2020		2021		2020
Net income attributable to Tutor Perini Corporation	$	15,394	$	36,819	$	62,593	$	72,899
Weighted-average common shares outstanding, basic	51,072		50,787		50,995		50,598
Effect of dilutive restricted stock units and stock options	294		454		369		406
Weighted-average common shares outstanding, diluted	51,366		51,241		51,364		51,004
Net income attributable to Tutor Perini Corporation per common share:
Basic	$	0.30	$	0.72	$	1.23	$	1.44
Diluted	$	0.30	$	0.72	$	1.22	$	1.43
Anti-dilutive securities not included above	2,131		1,514		1,861		1,977