Earnings per Share from Continuing Operations (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Earnings Per Share from Continuing Operations

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

ber 30, 2022, respectively, and $0.8 million and $2.4 million for the three and nine months ended October 1, 2021, respectively.