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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities. The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic earnings per share: |  |  |  |  |  |  |
Weighted average shares outstanding | 15,750 |  |  | 16,516 |  |  | 15,915 |  |  | 17,104 |
Net income attributable to DXP Enterprises, Inc. | $ | 21,101 |  |  | $ | 16,172 |  |  | $ | 49,126 |  |  | $ | 52,806 |
Convertible preferred stock dividend | 23 |  |  | 22 |  |  | 68 |  |  | 67 |
Net income attributable to common shareholders | $ | 21,078 |  |  | $ | 16,150 |  |  | $ | 49,058 |  |  | $ | 52,739 |
Per share amount | $ | 1.34 |  |  | $ | 0.98 |  |  | $ | 3.08 |  |  | $ | 3.08 |
Diluted earnings per share: |  |  |  |  |  |  |
Weighted average shares outstanding | 15,750 |  |  | 16,516 |  |  | 15,915 |  |  | 17,104 |
Assumed conversion of convertible preferred stock | 840 |  |  | 840 |  |  | 840 |  |  | 840 |
Total dilutive shares | 16,590 |  |  | 17,356 |  |  | 16,755 |  |  | 17,944 |
Net income attributable to common shareholders | $ | 21,078 |  |  | $ | 16,150 |  |  | $ | 49,058 |  |  | $ | 52,739 |
Convertible preferred stock dividend | 23 |  |  | 22 |  |  | 68 |  |  | 67 |
Net income attributable to DXP Enterprises, Inc. | $ | 21,101 |  |  | $ | 16,172 |  |  | $ | 49,126 |  |  | $ | 52,806 |
Per share amount | $ | 1.27 |  |  | $ | 0.93 |  |  | $ | 2.93 |  |  | $ | 2.94 |

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