Earnings per share

3 Months Ended

Mar. 31, 2019

Earnings per share. Basic earnings per share (EPS) attributable to Stewart is calculated by dividing net income attributable to Stewart by the weighted-average number of shares of Common Stock outstanding during the reporting periods. Outstanding shares of Common Stock granted to employees that are not yet vested (restricted shares) are excluded from the calculation of the weighted-average number of shares outstanding for calculating basic EPS. To calculate diluted EPS, the number of shares is adjusted to include the number of additional shares that would have been outstanding if the restricted shares and restricted units were vested. In periods of loss, dilutive shares are excluded from the calculation of the diluted EPS and diluted EPS is computed in the same manner as basic EPS.

The calculation of the basic and diluted EPS is as follows:



	Three Months Ended March 31,
	2019		2018
	($000 omitted, except per share)
Numerator:
Net loss attributable to Stewart	(6,766	)	(3,780	)

Denominator (000):
Basic and diluted average shares outstanding	23,595		23,508

Basic and diluted loss per share attributable to Stewart	(0.29	)	(0.16	)