Earnings per share (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of computation of earnings per share

The following table sets forth the computation of basic and diluted net income per common share attributable to Arcos Dorados Holdings Inc. for all years presented:


	For the fiscal years ended December 31,
	2021		2020		2019
Net income (loss) attributable to Arcos Dorados Holdings Inc. available to common shareholders	$	45,486	$	(149,451)	$	79,896
Weighted-average number of common shares outstanding - Basic (i)	210,386,761		208,378,442		206,964,903
Incremental shares from vesting of restricted share units	154,802		287,965		664,375
Weighted-average number of common shares outstanding - Diluted	210,541,563		208,666,407		207,629,278

Basic net income (loss) per common share attributable to Arcos Dorados Holdings Inc.	$	0.22	$	(0.72)	$	0.39
Diluted net income (loss) per common share attributable to Arcos Dorados Holdings Inc.	$	0.22	$	(0.72)	$	0.38

(i) Stock dividends and its retroactively are included within the weighted-average number of common shares.