Earnings per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

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

	Three Months Ended
	March 31,
	2021		2020
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	21,591	$	24,723
Basic weighted average shares outstanding	30,558		30,476
Dilutive effect of stock options and restricted stock awards	173		207
Diluted weighted average shares outstanding	30,731		30,683
Basic earnings per common share	$	0.71	$	0.81
Diluted earnings per common share	$	0.70	$	0.81

The number of potential 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 for the three months ended March 31, 2021 and 2020 were 181,875 and 187,875, respectively.