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Shareholders' Equity (Tables)

3 Months Ended

Apr. 03, 2022

Equity [Abstract]

Earnings (Loss) per share

The following table sets forth the computation of basic and diluted earnings per share:

						Three Months Ended
						April 3, 2022						April 4, 2021
Numerator:
Net income attributable to Sonoco						$	115,333					$	72,297
Denominator:
Weighted average common shares outstanding:
Basic						97,924						101,046
Dilutive effect of stock-based compensation						630						446
Diluted						98,554						101,492
Net income attributable to Sonoco per common share:
Basic						$	1.18					$	0.72
Diluted						$	1.17					$	0.71
Cash dividends						$	0.45					$	0.45

Schedule of antidilutive securities excluded from computation of earnings per share

The average numbers of SARs that were anti-dilutive and, therefore, not included in the computation of diluted earnings per share during the three month periods ended April 3, 2022 and April 4, 2021 were as follows (in thousands):

Three Months Ended

April 3, 2022

April 4, 2021

Anti-dilutive stock appreciation rights

401

427

X

- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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