Nucor Corporation Just Filed Its Quarterly Report: 16. Earnings Per Sha...


16. Earnings Per Share


The computations of basic and diluted net earnings per share for the second quarter and first six months of 2021 and 2020 are as follows (in thousands, except per share amounts):


























































































































































































































































































































 


 


Three Months (13 Weeks) Ended


 


 


Six Months (26 Weeks) Ended


 


 


 


July 3, 2021


 


 


July 4, 2020


 


 


July 3, 2021


 


 


July 4, 2020


 


Basic net earnings per share:


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


Basic net earnings


 


$


1,506,868


 


 


$


108,881


 


 


$


2,449,300


 


 


$


129,212


 


Earnings allocated to participating securities


 


 


(6,676


)


 


 


(792


)


 


 


(12,426


)


 


 


(1,423


)


Net earnings available to common stockholders


 


$


1,500,192


 


 


$


108,089


 


 


$


2,436,874


 


 


$


127,789


 


Basic average shares outstanding


 


 


296,817


 


 


 


302,921


 


 


 


299,359


 


 


 


302,915


 


Basic net earnings per share


 


$


5.05


 


 


$


0.36


 


 


$


8.14


 


 


$


0.42


 


Diluted net earnings per share:


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


Diluted net earnings


 


$


1,506,868


 


 


$


108,881


 


 


$


2,449,300


 


 


$


129,212


 


Earnings allocated to participating securities


 


 


(6,649


)


 


 


(792


)


 


 


(12,385


)


 


 


(1,423


)


Net earnings available to common stockholders


 


$


1,500,219


 


 


$


108,089


 


 


$


2,436,915


 


 


$


127,789


 


Diluted average shares outstanding:


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


Basic average shares outstanding


 


 


296,817


 


 


 


302,921


 


 


 


299,359


 


 


 


302,915


 


Dilutive effect of stock options and other


 


 


712


 


 


 


12


 


 


 


379


 


 


 


17


 


 


 


 


297,529


 


 


 


302,933


 


 


 


299,738


 


 


 


302,932


 


Diluted net earnings per share


 


$


5.04


 


 


$


0.36


 


 


$


8.13


 


 


$


0.42


 


 


The following stock options were excluded from the computation of diluted net earnings per share for the second quarter and first six months of 2021 and 2020 because their effect would have been anti-dilutive (shares in thousands):


 






















































































 


 


Three Months (13 Weeks) Ended


 


 


Six Months (26 Weeks) Ended


 


 


 


July 3, 2021


 


 


July 4, 2020


 


 


July 3, 2021


 


 


July 4, 2020


 


Anti-dilutive stock options:


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


Weighted-average shares


 


 


52


 


 


 


3,749


 


 


 


152


 


 


 


3,724


 


Weighted-average exercise price


 


$


110.74


 


 


$


50.69


 


 


$


73.47


 


 


$


51.04


 

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

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