| Schedule of Basic and Diluted Common Shares |
The following is a reconciliation of the Company’s basic and diluted earnings per share calculation: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended April 30, | | Nine months ended April 30, | | (in thousands, except share and per share amounts) | 2024 | | 2023 | | 2024 | | 2023 | | Numerator: | | | | | | | | | Net income attributable to The Duckhorn Portfolio, Inc. | $ | 13,323 | | | $ | 16,797 | | | $ | 44,717 | | | $ | 51,529 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average number of shares outstanding for basic per share calculation | 115,804,326 | | 115,255,671 | | 115,504,766 | | | 115,209,972 | | | | | | | | | | Effect of dilutive potential shares(a): | | | | | | | | | Stock options | 1,546 | | | 867 | | | 5,472 | | | 2,390 | | | Restricted stock units | 28,247 | | | 110,917 | | | 116,944 | | | 212,672 | | | Adjusted weighted average shares outstanding for diluted per share calculation | 115,834,119 | | 115,367,455 | | 115,627,182 | | | 115,425,034 | | | | | | | | | | | Earnings per share attributable to The Duckhorn Portfolio, Inc.: | | | | | | | | | Basic | $ | 0.12 | | | $ | 0.15 | | | $ | 0.39 | | | $ | 0.45 | | | Diluted | $ | 0.12 | | | $ | 0.15 | | | $ | 0.39 | | | $ | 0.45 | |
_______________________________________________(a) Calculated using the treasury stock method.
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