Earnings Per Share

6 Months Ended

Jun. 30, 2023

Basic earnings per share is computed by dividing net income attributable to Werner by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to Werner by the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock awards. Performance awards are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. There are no differences in the numerators of our computations of basic and diluted earnings per share for any periods presented.

The computation of basic and diluted earnings per share is shown below (in thousands, except per share amounts).


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income attributable to Werner	$	29,881	$	72,290	$	65,105	$	126,039
Weighted average common shares outstanding	63,384		64,394		63,345		64,965
Dilutive effect of stock-based awards	303		332		344		362
Shares used in computing diluted earnings per share	63,687		64,726		63,689		65,327
Basic earnings per share	$	0.47	$	1.12	$	1.03	$	1.94
Diluted earnings per share	$	0.47	$	1.12	$	1.02	$	1.93