Earnings Per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net income attributable to Werner	$	6,565	$	23,704	$	22,342	$	88,809
Weighted average common shares outstanding	61,808		63,390		62,659		63,360
Dilutive effect of stock-based awards	214		347		203		343
Shares used in computing diluted earnings per share	62,022		63,737		62,862		63,703
Basic earnings per share	$	0.11	$	0.37	$	0.36	$	1.40
Diluted earnings per share	$	0.11	$	0.37	$	0.36	$	1.39