Dover Corporation Just Filed Its Quarterly Report: 19. Earnings per Sha...

19. Earnings per Share

The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Earnings from continuing operations
$
166,456

 
$
142,475

 
$
275,865

 
$
297,563

(Loss) earnings from discontinued operations, net
(26,497
)
 
21,583

 
(4,472
)
 
38,742

Net earnings
$
139,959

 
$
164,058

 
$
271,393

 
$
336,305

Basic earnings per common share:
 

 
 

 
 
 
 
Earnings from continuing operations
$
1.10

 
$
0.92

 
$
1.80

 
$
1.91

(Loss) earnings from discontinued operations, net
$
(0.17
)
 
$
0.14

 
$
(0.03
)
 
$
0.25

Net earnings
$
0.92

 
$
1.05

 
$
1.77

 
$
2.16

 
 
 
 
 
 
 
 
Weighted average shares outstanding
151,744,000

 
155,703,000

 
153,124,000

 
155,622,000

Diluted earnings per common share:
 

 
 

 
 
 
 
Earnings from continuing operations
$
1.08

 
$
0.90

 
$
1.77

 
$
1.89

(Loss) earnings from discontinued operations, net
$
(0.17
)
 
$
0.14

 
$
(0.03
)
 
$
0.25

Net earnings
$
0.91

 
$
1.04

 
$
1.74

 
$
2.14

 
 
 
 
 
 
 
 
Weighted average shares outstanding
153,938,000

 
157,513,000

 
155,573,000

 
157,457,000



The following table is a reconciliation of the share amounts used in computing earnings per share:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Weighted average shares outstanding - Basic
151,744,000

 
155,703,000

 
153,124,000

 
155,622,000

Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs
2,194,000

 
1,810,000

 
2,449,000

 
1,835,000

Weighted average shares outstanding - Diluted
153,938,000

 
157,513,000

 
155,573,000

 
157,457,000



Diluted earnings per share amounts are computed using the weighted average number of common shares outstanding and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of SARs and vesting of performance shares and RSUs, as determined using the treasury stock method.  

The weighted average number of anti-dilutive potential common shares excluded from the calculation above were approximately 78,000 and 33,000 for the three months ended June 30, 2018 and 2017, respectively, and 0 and 20,000 for the six months ended June 30, 2018 and 2017, respectively.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever Dover Corporation makes a similar move, sign up!

Other recent filings from the company include the following:

Dover: Vice President – Corporate Development - July 10, 2019
Annual report of employee stock purchase, savings and similar plans - June 26, 2019

Auto Refresh

Feedback