Earnings Per Share

6 Months Ended

Jun. 30, 2024

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,
	2024		2023		2024		2023
Net income attributable to Werner	$	9,465	$	29,881	$	15,777	$	65,105
Weighted average common shares outstanding	62,706		63,384		63,089		63,345
Dilutive effect of stock-based awards	154		303		202		344
Shares used in computing diluted earnings per share	62,860		63,687		63,291		63,689
Basic earnings per share	$	0.15	$	0.47	$	0.25	$	1.03
Diluted earnings per share	$	0.15	$	0.47	$	0.25	$	1.02