EARNINGS PER SHARE DATA

12 Months Ended

Dec. 31, 2023

Basic 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,
	2023		2022		2021
Basic earnings per share:
Weighted average shares outstanding	16,870		18,631		18,949

Net income attributable to DXP Enterprises, Inc.	$	68,812	$	48,155	$	16,496
Series B convertible preferred stock dividend	(90)		(90)		(90)
Net income attributable to common shareholders	68,722		48,065		16,406
Per share amount	$	4.07	$	2.58	$	0.87

Diluted earnings per share:
Weighted average shares outstanding	16,870		18,631		18,949
Assumed conversion of convertible preferred stock	840		840		840
Total dilutive shares	17,710		19,471		19,789

Net income attributable to common shareholders	$	68,722	$	48,065	$	16,406
Series B convertible preferred stock dividend	90		90		90
Net income attributable to DXP Enterprises, Inc.	68,812		48,155		16,496
Per share amount	$	3.89	$	2.47	$	0.83

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.