The following table sets forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | | | | 2024 | | 2023 | | | | | | | (In thousands, except share and per share amounts) | | Basic: | | | | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | | | | | $ | 68,468 | | | $ | 61,092 | | | Weighted-average common shares | | | | | | 91,555,384 | | | 91,503,988 | | | Basic earnings per common share | | | | | | $ | 0.75 | | | $ | 0.67 | | | Diluted: | | | | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | | | | | $ | 68,468 | | | $ | 61,092 | | | Weighted-average common shares (basic) | | | | | | 91,555,384 | | | 91,503,988 | | | Effect of dilutive securities: | | | | | | | | | Stock options, restricted stock units and performance shares (1) | | | | | | 305,539 | | | 295,702 | | | Adjusted weighted-average common shares | | | | | | 91,860,923 | | | 91,799,690 | | | Diluted earnings per common share | | | | | | $ | 0.75 | | | $ | 0.67 | |
(1)At March 31, 2024 and 2023, we excluded 156,803 and 248,095 shares, respectively, from our diluted share calculation as their effect would have been antidilutive.
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