FleetCor Technologies Just Filed Its Quarterly Report: Earnings Per ShareTh...

Earnings Per Share
The Company reports basic and diluted earnings per share. Basic earnings per share is computed by dividing net income attributable to shareholders of the Company by the weighted average number of common shares outstanding during the reported period. Diluted earnings per share reflect the potential dilution related to equity-based incentives using the treasury stock method. The calculation and reconciliation of basic and diluted earnings per share for the three and six month periods ended June 30 follows (in thousands, except per share data):
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2018
 
2017
 
2018
 
2017
Net income
 
$
176,852

 
$
130,987

 
$
351,789

 
$
254,680

Denominator for basic earnings per share
 
89,169

 
92,013

 
89,466

 
92,060

Dilutive securities
 
3,533

 
2,210

 
3,504

 
2,332

Denominator for diluted earnings per share
 
92,702


94,223


92,970

 
94,392

Basic earnings per share
 
$
1.98

 
$
1.42

 
$
3.93

 
$
2.77

Diluted earnings per share
 
$
1.91

 
$
1.39

 
$
3.78

 
$
2.70

Diluted earnings per share for the three months ended June 30, 2018 and 2017 excludes the effect of 0.1 million and 3.7 million shares of common stock, respectively, that may be issued upon the exercise of employee stock options because such effect would be anti-dilutive. Diluted earnings per share also excludes the effect of 0.1 million and 0.2 million shares of performance based restricted stock for which the performance criteria have not yet been achieved for the three month periods ended June 30, 2018 and 2017, respectively.

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

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Other recent filings from the company include the following:

FleetCor Technologies Just Filed Its Quarterly Report: Earnings Per ShareTh... - Aug. 9, 2019
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FleetCor Technologies's Global CIO just disposed of 372 shares - July 26, 2019

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