Earnings per share (Tables)

3 Months Ended

Mar. 31, 2022

The following table reflects the calculation of basic and diluted earnings per share. During each period, certain stock options, as noted below, were excluded from the calculation of diluted earnings per share because their effect would have been antidilutive.


	Quarter Ended March 31,
(in thousands, except per share amounts)	2022		2021
Earnings per share – basic:
Net income	$	9,680	$	24,325
Net income attributable to non-controlling interest	(36)		(33)
Net income attributable to Deluxe	9,644		24,292
Income allocated to participating securities	(10)		(19)
Income attributable to Deluxe available to common shareholders	$	9,634	$	24,273
Weighted-average shares outstanding	42,803		42,046
Earnings per share – basic	$	0.23	$	0.58

Earnings per share – diluted:
Net income	$	9,680	$	24,325
Net income attributable to non-controlling interest	(36)		(33)
Net income attributable to Deluxe	9,644		24,292
Income allocated to participating securities	(10)		—
Re-measurement of share-based awards classified as liabilities	(39)		—
Income attributable to Deluxe available to common shareholders	$	9,595	$	24,292
Weighted-average shares outstanding	42,803		42,046
Dilutive impact of potential common shares	429		458
Weighted-average shares and potential common shares outstanding	43,232		42,504
Earnings per share – diluted	$	0.22	$	0.57
Antidilutive options excluded from calculation	2,063		2,423