Earnings Per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share

Earnings Per Share

14. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three months ended September 30, 2024 and 2023:


		Three months ended September 30,
		2024			2023
Numerator:
Net earnings (loss) attributable to the Company		$	(80)		$	51
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding			154,619			154,702
Effect of dilutive securities:
Stock options and other						4,583
Denominator for diluted earnings per share-adjusted weighted average shares outstanding			154,619			159,285
Basic earnings per share:
Net earnings (loss) attributable to the Company		$	(0.52)		$	0.33
Diluted earnings per share:
Net earnings (loss) attributable to the Company		$	(0.52)		$	0.32

The diluted earnings (loss) per share computation for the three months ended September 30, 2024 and 2023 excludes 1,185,925 and 371,052 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes unvested restricted stock units and performance vested restricted share units. For the three months ended September 30, 2024, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the net loss attributable to the Company.

The following table sets forth the computation of basic and diluted earnings per share for the nine months ended September 30, 2024 and 2023:


		Nine months ended September 30,
		2024			2023
Numerator:
Net earnings attributable to the Company		$	48		$	367
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding			154,724			154,796
Effect of dilutive securities:
Stock options and other			2,813			4,440
Denominator for diluted earnings per share-adjusted weighted average shares outstanding			157,537			159,236
Basic earnings per share:
Net earnings attributable to the Company		$	0.31		$	2.37
Diluted earnings per share:
Net earnings attributable to the Company		$	0.31		$	2.31

The diluted earnings per share computation for the nine months ended September 30, 2024 and 2023 excludes 1,076,542 and 380,047 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes unvested restricted stock units and performance vested restricted share units.