EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

EARNINGS PER SHAREBasic earnings per share ("EPS") was computed by dividing net income attributable to Global Payments by the weighted-average number of shares outstanding during the period. Earnings available to common shareholders was the same as reported net income attributable to Global Payments for all periods presented.

Diluted EPS is computed by dividing net income attributable to Global Payments by the weighted-average number of shares outstanding during the period, including the effect of share-based awards that would have a dilutive effect on EPS. All stock options with an exercise price lower than the average market share price of our common stock for the period are assumed to have a dilutive effect on EPS. The dilutive share base for the three months ended March 31, 2022 excluded approximately 388,355 shares related to stock options that would have an antidilutive effect on the computation of diluted earnings per share. There were no such shares for the three months ended March 31, 2021.

The following table sets forth the computation of diluted weighted-average number of shares outstanding for the three months ended March 31, 2022 and 2021:


	Three Months Ended
	March 31, 2022	March 31, 2021

	(in thousands)

Basic weighted-average number of shares outstanding	282,100	296,425
Plus: Dilutive effect of stock options and other share-based awards	467	1,246
Diluted weighted-average number of shares outstanding	282,567	297,671