EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

Basic earnings per share is computed by dividing net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed after adjusting the numerator and denominator of the basic earnings per share computation for the effects of all potentially dilutive common shares. The dilutive effect of non-vested stock issued under share‑based compensation plans is computed using the treasury stock method. The dilutive effect of the cumulative preferred stock is computed using the if‑converted method.

The following is a summary of the elements used in calculating basic and diluted income per share for the years ended December 31, 2022, 2021 and 2020:


	Year ended December 31,
(Dollars in millions, except share amounts and per share data)	2022		2021		2020
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	64.8	$	313.2	$	92.9

Weighted-average shares outstanding for basic	136,900,875		138,552,058		139,741,411
Income per share - basic	$	0.47	$	2.26	$	0.66
Weighted average shares outstanding for diluted	138,567,534		140,132,435		140,347,365
Income per share - diluted	$	0.47	$	2.24	$	0.66

There was a total of 26,958,511, 13,572,590 and 13,236,896 during the years ended December 31, 2022, 2021 and 2020, respectively, potentially dilutive securities were not included in the diluted weighted average shares as they were anti-dilutive. Potentially anti-dilutive securities include preferred stock and unvested restricted stock grants.