Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
4. Earnings Per Share
We compute basic earnings per share using the weighted-average number of common shares outstanding and diluted earnings per share using the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had potentially dilutive common shares been issued. Potentially dilutive securities include nonvested share awards and stock options for which the exercise price was less than the average market price of our outstanding common stock. We include nonvested performance-based share awards in the average diluted shares outstanding for each period if established performance criteria have been met at the end of the respective periods.
The following table sets forth the computation of basic and diluted earnings per share:
 
Year Ended December 31,
(in millions, except per share data)
2018
 
2017
 
2016
Numerator
 
 
 
 
 
Net income attributable to Global Brass and Copper Holdings, Inc.
$
58.2

 
$
51.1

 
$
32.2

Denominator
 
 
 
 
 
Weighted-average common shares outstanding
21.9

 
21.7

 
21.4

Effect of potentially dilutive securities:
 
 
 
 
 
Stock options and nonvested share awards
0.4

 
0.4

 
0.2

Weighted-average common shares outstanding, assuming dilution
22.3

 
22.1

 
21.6

 
 
 
 
 
 
Anti-dilutive shares excluded from above
0.1

 
0.1

 
0.1

Net income attributable to Global Brass and Copper Holdings, Inc. per common share:
 
 
 
 
 
Basic
$
2.66

 
$
2.35

 
$
1.50

Diluted
$
2.61

 
$
2.31

 
$
1.49