Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share

Earnings Per Share

14. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three months ended September 30, 2022 and 2021:

	Three months ended September 30,
	2022		2021
Numerator:
Net earnings attributable to the Company	$	231	$	85
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		155,115		156,825
Effect of dilutive securities:
Stock options and other		3,820		3,686
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		158,935		160,511
Basic earnings per share:
Earnings from continuing operations attributable to the Company	$	1.49	$	0.49
Gain from discontinued operations				0.05
Net earnings attributable to the Company	$	1.49	$	0.54
Diluted earnings per share:
Earnings from continuing operations attributable to the Company	$	1.45	$	0.48
Gain from discontinued operations				0.05
Net earnings attributable to the Company	$	1.45	$	0.53

The diluted earnings per share computation for the three months ended September 30, 2022 and 2021 excludes 724,186 and 958,014 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options to purchase, unvested restricted stock units and performance vested restricted share units. Options to

purchase shares were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock.

The following table sets forth the computation of basic and diluted earnings per share for the nine months ended September 30, 2022 and 2021:

	Nine months ended September 30,
	2022		2021
Numerator:
Net earnings attributable to the Company	$	571	$	106
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		155,546		157,430
Effect of dilutive securities:
Stock options and other		3,346		3,043
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		158,892		160,473
Basic earnings per share:
Earnings from continuing operations attributable to the Company	$	3.67	$	0.62
Gain from discontinued operations				0.05
Net earnings attributable to the Company	$	3.67	$	0.67
Diluted earnings per share:
Earnings from continuing operations attributable to the Company	$	3.59	$	0.61
Gain from discontinued operations				0.05
Net earnings attributable to the Company	$	3.59	$	0.66

The diluted earnings per share computation for the nine months ended September 30, 2022 and 2021 excludes 1,035,227 and 1,206,870 weighted average shares of common stock, respectively, due to their antidilutive effect, which includes options to purchase, unvested restricted stock units and performance vested restricted share units. Options to purchase shares were excluded because the exercise prices of the options were greater than the average market price of the shares of common stock.