Earnings Per Share

6 Months Ended

Jun. 30, 2023

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 June 30, 2023 and 2022:

	Three months ended June 30,
	2023		2022
Numerator:
Net earnings attributable to the Company	$	110	$	252
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		154,989		155,683
Effect of dilutive securities:
Stock options and other		4,339		3,268
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		159,328		158,951
Basic earnings per share:
Net earnings attributable to the Company	$	0.71	$	1.62
Diluted earnings per share:
Net earnings attributable to the Company	$	0.69	$	1.59

The diluted earnings per share computation for the three months ended June 30, 2023 and 2022 excludes 546,143 and 804,953 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 six months ended June 30, 2023 and 2022:

	Six months ended June 30,
	2023		2022
Numerator:
Net earnings attributable to the Company	$	316	$	340
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		154,843		155,765
Effect of dilutive securities:
Stock options and other		4,369		3,109
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		159,212		158,874
Basic earnings per share:
Net earnings attributable to the Company	$	2.04	$	2.18
Diluted earnings per share:
Net earnings attributable to the Company	$	1.98	$	2.14

The diluted earnings per share computation for the six months ended June 30, 2023 and 2022 excludes 384,545 and 1,190,747 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.