Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings per Share

A reconciliation between basic and diluted earnings per share is as follows:



	Three Months Ended
	March 31,
	2020		2019
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	24,723	$	25,710
Basic weighted average shares outstanding	30,476		30,524
Dilutive effect of stock options and restricted stock awards	207		80
Diluted weighted average shares outstanding	30,683		30,604
Basic earnings per common share	$	0.81	$	0.84
Diluted earnings per common share	$	0.81	$	0.84

For the three months ended March 31, 2020 and 2019, respectively, there were 187,875 and 42,000, respectively, of potentially issuable shares with respect to stock options which could dilute EPS in the future but which were excluded from the diluted EPS calculation because presently their effect is anti-dilutive.