Earnings Per Share Attributable to Matthews' Shareholders

9 Months Ended

Jun. 30, 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 June 30,				Nine Months Ended June 30,
	2023		2022		2023		2022
Net income (loss) attributable to Matthews shareholders	$	8,738	$	2,893	$	21,568	$	(18,815)


Weighted-average shares outstanding (in thousands):
Basic shares	30,795		31,244		30,758		31,531
Effect of dilutive securities	449		308		371		—
Diluted shares	31,244		31,552		31,129		31,531

Dividends declared per common share	$	0.23	$	0.22	$	0.69	$	0.66

Anti-dilutive securities excluded from the dilution calculation were insignificant for the three and nine months ended June 30, 2023, and the three months ended June 30, 2022. 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.