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EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is calculated by dividing the net income (loss) for the period attributable to shareholders of the Company by the weighted average number of shares outstanding during the period. Diluted earnings (loss) per share is calculated by dividing the net income (loss) for the period attributable to shareholders of the Company by the weighted average number of shares outstanding after adjusting for the impact of all share options and RSUs with a dilutive effect. The Company uses the treasury stock method to calculate the dilutive effect of outstanding equity awards for diluted earnings (loss) per share.
The following table presents basic and diluted earnings (loss) per share for each of the years ended December 31, 2024, December 31, 2023 and December 31, 2022:
Year Ended
December 31, 2024December 31, 2023December 31, 2022
(U.S. Dollars and shares in thousands, except per
share amounts)
Income from continuing operations
$172,299 $177,527 $168,230 
Less: Net income attributable to noncontrolling interests(17,906)(31,646)(25,287)
Income from continuing operations attributable to Dole plc154,393 145,881 142,943 
Loss from discontinued operations, net of income taxes(28,880)(21,818)(56,447)
Net income attributable to Dole plc$125,513 $124,063 $86,496 
Weighted average number of shares outstanding:
Weighted average number of shares – basic
94,967 94,917 94,886 
Effect of share awards with a dilutive effect
504 201 28 
Weighted average number of shares – diluted
95,471 95,118 94,914 
Income (loss) per share:
Basic:
Continuing operations$1.63 $1.54 $1.51 
Discontinued operations(0.31)(0.23)(0.60)
Net income per share attributable to Dole plc$1.32 $1.31 $0.91 
Diluted:
Continuing operations$1.62 $1.53 $1.51 
Discontinued operations(0.30)(0.23)(0.60)
Net income per share attributable to Dole plc$1.32 $1.30 $0.91 
The average market value of the Company’s shares used for the purpose of calculating the dilutive effect of share options and RSUs with a market condition is based on quoted market prices for the period during which the awards were outstanding during the year. The calculation of diluted earnings (loss) per share for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 does not include the effect of certain awards, because to do so would be antidilutive.