Earnings Per Share Attributable to Matthews' Shareholders

6 Months Ended

Mar. 31, 2023

Earnings Per Share Attributable to Matthews' Shareholders

The information used to compute earnings (loss) per share attributable to Matthews' common shareholders was as follows:


	Three Months Ended March 31,				Six Months Ended March 31,
	2023		2022		2023		2022
Net income (loss) attributable to Matthews shareholders	$	9,127	$	(1,905)	$	12,830	$	(21,708)


Weighted-average shares outstanding (in thousands):
Basic shares	30,778		31,692		30,741		31,695
Effect of dilutive securities	401		—		330		—
Diluted shares	31,179		31,692		31,071		31,695

Dividends declared per common share	$	0.23	$	0.22	$	0.46	$	0.44

Anti-dilutive securities excluded from the dilution calculation were insignificant for the three and six months ended March 31, 2023. During periods in which the Company incurs a net loss, diluted weighted-average shares outstanding are equal to basic weighted-average shares outstanding because the effect of all equity awards is anti-dilutive.