| Computation of Basic and Diluted Earnings Per Share |
The following table sets forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | | 2023 | | 2022 | | 2021 | | | | (In thousands, except shares and
per share amounts) | Basic: | | | Net Income Attributable to BWX Technologies, Inc. | | $ | 245,849 | | | $ | 238,191 | | | $ | 305,871 | | Weighted-average common shares | | 91,619,156 | | | 91,447,088 | | | 94,278,894 | | Basic earnings per common share | | $ | 2.68 | | | $ | 2.60 | | | $ | 3.24 | | Diluted: | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | $ | 245,849 | | | $ | 238,191 | | | $ | 305,871 | | Weighted-average common shares (basic) | | 91,619,156 | | | 91,447,088 | | | 94,278,894 | | Effect of dilutive securities: | | | | | | | Stock options, restricted stock units and performance shares (1) | | 255,381 | | | 255,023 | | | 239,528 | | Adjusted weighted-average common shares | | 91,874,537 | | | 91,702,111 | | | 94,518,422 | | Diluted earnings per common share | | $ | 2.68 | | | $ | 2.60 | | | $ | 3.24 | |
(1)At December 31, 2023, 2022 and 2021, we excluded 6,089, 10,419 and 0 shares, respectively, from our diluted share calculation as their effect would have been antidilutive.
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