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Earnings Per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share

Earnings Per Share

14. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three months ended September 30, 2023 and 2022:

​

​	​	​	​	​	​	​
​	​	Three months ended September 30,
​		2023			2022
Numerator:		​			​
Net earnings attributable to the Company	​	$	51	​	$	231
Denominator (in thousands):	​	​	​	​	​	​
Denominator for basic earnings per share-weighted average shares outstanding	​		154,702	​	​	155,115
Effect of dilutive securities:	​	​	​	​	​	​
Stock options and other	​		4,583	​		3,820
Denominator for diluted earnings per share-adjusted weighted average shares outstanding	​		159,285	​	​	158,935
Basic earnings per share:	​	​	​	​	​	​
Net earnings attributable to the Company	​	$	0.33	​	$	1.49
Diluted earnings per share:	​	​	​	​	​	​
Net earnings attributable to the Company	​	$	0.32	​	$	1.45

​

The diluted earnings per share computation for the three months ended September 30, 2023 and 2022 excludes 371,052 and 724,186 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options to purchase, unvested restricted stock units and performance vested restricted share units. Options to purchase shares were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock.

The following table sets forth the computation of basic and diluted earnings per share for the nine months ended September 30, 2023 and 2022:

​

​	​	​	​	​	​	​
​	​	Nine months ended September 30,
​		2023			2022
Numerator:		​	​		​
Net earnings attributable to the Company	​	$	367	​	$	571
Denominator (in thousands):	​	​	​	​	​	​
Denominator for basic earnings per share-weighted average shares outstanding	​		154,796	​		155,546
Effect of dilutive securities:	​	​	​	​	​	​
Stock options and other	​		4,440	​		3,346
Denominator for diluted earnings per share-adjusted weighted average shares outstanding	​		159,236	​		158,892
Basic earnings per share:	​	​	​	​	​	​
Net earnings attributable to the Company	​	$	2.37	​	$	3.67
Diluted earnings per share:	​	​	​	​	​	​
Net earnings attributable to the Company	​	$	2.31	​	$	3.59

​

The diluted earnings per share computation for the nine months ended September 30, 2023 and 2022 excludes 380,047 and 1,035,227 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options to purchase, unvested restricted stock units and performance vested restricted share units. Options to purchase shares were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock.

​

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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