Earnings per share (Tables)

12 Months Ended

Dec. 31, 2022

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,
	2022		2021		2020
Net income (loss) attributable to Arcos Dorados Holdings Inc. available to common shareholders	$	140,343	$	45,486	$	(149,451)
Weighted-average number of common shares outstanding - Basic (i)	210,552,173		210,386,761		208,378,442
Incremental shares from vesting of restricted share units	74,925		154,802		287,965
Weighted-average number of common shares outstanding - Diluted	210,627,098		210,541,563		208,666,407

Basic net income (loss) per common share attributable to Arcos Dorados Holdings Inc.	$	0.67	$	0.22	$	(0.72)
Diluted net income (loss) per common share attributable to Arcos Dorados Holdings Inc.	$	0.67	$	0.22	$	(0.72)

(i) Stock dividends distributed in 2021 is included within the weighted-average number of common shares for the fiscal year ended December 31, 2021.