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Earnings per share (EPS)
 12 Months Ended
Dec. 31, 2021
Earnings per share (EPS)

 

18Earnings per share (EPS)

 

Basic EPS is calculated by dividing net income attributable to the equity holders of the Company by the weighted average number of common shares outstanding during the period.

 

Diluted EPS is calculated by dividing net income attributable to the equity holders of the parent by the weighted average number of common shares outstanding during the period plus the weighted average number of shares that would be issued on conversion of all potential shares with dilutive effects.

 

Diluted earnings per share are computed including stock options granted to key management using the treasury shares method when the effect is dilutive. The Company has the stock option plan in the category of potentially dilutive shares.

 

The following table reflects the net income and share data used in the basic and diluted EPS calculations:

 

  2021 2020 2019
Numerator      
Net income attributable to equity holders of the parent 223,326 292,075 153,916
Denominator      
Weighted average number of outstanding shares 93,291,480 92,683,848 75,969,797
Effects of dilution from stock options 811,818 951,920 221,846
Weighted average number of outstanding shares adjusted for the effect of dilution 94,103,298 93,635,768 76,191,643
       
Basic earnings per share (R$) 2.39 3.15  2.03
Diluted earnings per share (R$) 2.37 3.12  2.02