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Earnings per Share from Continuing Operations | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Earnings per Share from Continuing Operations | 4. Earnings per Share from Continuing Operations The Company has unvested share-based payment awards with a right to receive non-forfeitable dividends, which are considered participating securities. The Company allocates earnings to participating securities and computed earnings per share using the two-class method as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2022 |  |  | October 1, 2021 |  |  | September 30, 2022 |  |  | October 1, 2021 |
|  | (In thousands, except share and per share data) |
Computation of earnings per share from continuing operations—basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations attributable to ESAB Corporation (1) |  | $ | 53,331 |  |  | $ | 60,614 |  |  | $ | 167,938 |  |  | $ | 195,679 |
Less: distributed and undistributed earnings allocated to nonvested shares |  |  | (407 | ) |  |  | — |  |  |  | (1,152 | ) |  |  | — |
Income from continuing operations attributable to common stockholders |  | $ | 52,924 |  |  | $ | 60,614 |  |  | $ | 166,786 |  |  | $ | 195,679 |
Weighted-average shares of Common stock outstanding—basic |  |  | 60,063,553 |  |  |  | 60,034,311 |  |  |  | 60,045,306 |  |  |  | 60,034,311 |
Income per share from continuing operations—basic |  | $ | 0.88 |  |  | $ | 1.01 |  |  | $ | 2.78 |  |  | $ | 3.26 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2022 |  |  | October 1, 2021 |  |  | September 30, 2022 |  |  | October 1, 2021 |
|  | (In thousands, except share and per share data) |
Computation of earnings per share from continuing operations—diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations attributable to common stockholders |  | $ | 52,924 |  |  | $ | 60,614 |  |  | $ | 166,786 |  |  | $ | 195,679 |
Weighted-average shares of Common stock outstanding—diluted |  |  | 60,063,553 |  |  |  | 60,034,311 |  |  |  | 60,045,306 |  |  |  | 60,034,311 |
Net effect of potentially dilutive securities |  |  | 99,668 |  |  |  | — |  |  |  | 80,548 |  |  |  | — |
Weighted-average shares of Common stock outstanding—dilution |  |  | 60,163,221 |  |  |  | 60,034,311 |  |  |  | 60,127,684 |  |  |  | 60,034,311 |
Net income per share from continuing operations—diluted |  | $ | 0.88 |  |  | $ | 1.01 |  |  | $ | 2.77 |  |  | $ | 3.26 |
(1) | Net income from continuing operations attributable to ESAB Corporation for the respective periods is calculated using Net income from continuing operations, less Income attributable to noncontrolling interest, net of taxes, of $1.0 million and $2.7 million for the three and nine months ended Sept em ber 30, 2022, respectively, and $0.8 million and $2.4 million for the three and nine months ended October 1, 2021, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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