Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table represents calculations of net earnings per share of common stock:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income attributable to Chart Industries, Inc.	$	41.2	$	14.9	$	64.4	$	47.0
Earnings per common share:
Basic	$	1.15	$	0.42	$	1.80	$	1.32
Diluted	$	0.98	$	0.36	$	1.56	$	1.15
Weighted average number of common shares outstanding – basic	35.87		35.62		35.85		35.59
Incremental shares issuable upon assumed conversion and exercise of share-based awards	0.28		0.35		0.26		0.33
Incremental shares issuable due to dilutive effect of convertible notes	3.01		2.90		2.82		2.71
Incremental shares issuable due to dilutive effect of warrants	2.70		2.57		2.47		2.33
Weighted average number of common shares outstanding – diluted	41.86		41.44		41.40		40.96

Diluted earnings per share does not reflect the following potential common shares as the effect would be anti-dilutive:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Share-based awards	0.03	—	0.07	0.04
Convertible note hedge and capped call transactions (1)	3.01	2.90	2.82	2.71
Warrants	—	—	—	—
Total anti-dilutive securities	3.04	2.90	2.89	2.75

 _______________

(1)The convertible note hedge offsets any dilution upon actual conversion of the 2024 Notes up to a common stock price of $71.775 per share. For further information, refer to Note 8, “Debt and Credit Arrangements.”