Earnings per Share

6 Months Ended

Jun. 30, 2021

Earnings per Share

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


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	15,721	$	23,475	$	37,312	$	48,198
Basic weighted average shares outstanding	30,581		30,504		30,570		30,490
Dilutive effect of stock options and restricted stock awards	132		204		142		206
Diluted weighted average shares outstanding	30,713		30,708		30,712		30,696
Basic earnings per common share	$	0.51	$	0.77	$	1.22	$	1.58
Diluted earnings per common share	$	0.51	$	0.76	$	1.21	$	1.57

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 and six month periods ended June 30, 2021 were 177,000 and 177,000, respectively, and for the three and six month periods ended June 30, 2020 were 181,875 and 181,875, respectively.