EARNINGS PER SHARE DATA

12 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE DATABasic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):


	December 31,
	2022		2021		2020

Basic:
Weighted average shares outstanding	18,631		18,949		17,748

Net income (loss) attributable to DXP Enterprises, Inc.	$	48,155	$	16,496	$	(29,269)
Convertible preferred stock dividend	(90)		(90)		(90)
Net income (loss) attributable to common shareholders	$	48,065	$	16,406	$	(29,359)
Per share amount	$	2.58	$	0.87	$	(1.65)

Diluted:
Weighted average shares outstanding	18,631		18,949		17,748
Assumed conversion of convertible preferred stock	840		840		—
Total dilutive shares	19,471		19,789		17,748
Net income (loss) attributable to common shareholders	$	48,065	$	16,406	$	(29,359)
Convertible preferred stock dividend	90		90		—
Net income (loss) attributable to DXP Enterprises, Inc.	$	48,155	$	16,496	$	(29,359)
Per share amount	$	2.47	$	0.83	$	(1.65)

Basic earnings per share have been computed by dividing net income (loss) attributable to common shareholders by the weighted average number of common shares outstanding during the period and excludes dilutive securities. Diluted earnings per share reflects the potential dilution that could occur if the preferred stock was converted into common stock. Restricted stock is considered a participating security and is included in the computation of basic earnings per share as if vested. The preferred stock is convertible into 840,000 shares of common stock. For the twelve months ended December 31, 2020, we excluded from the diluted EPS calculation 840,000 convertible preferred shares since the effect would have been antidilutive.