Earnings per Share

9 Months Ended

Sep. 30, 2022

Earnings per Share

A reconciliation between basic and diluted earnings per share ("EPS") is as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	18,250	$	15,451	$	56,784	$	52,763
Basic weighted average shares outstanding	30,777		30,646		30,745		30,595
Dilutive effect of stock options and restricted stock awards	6		55		3		55
Diluted weighted average shares outstanding	30,783		30,701		30,748		30,650
Basic earnings per common share	$	0.59	$	0.50	$	1.85	$	1.72
Diluted earnings per common share	$	0.59	$	0.50	$	1.85	$	1.72

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 nine month period ended September 30, 2022 were 180,000 and 180,000, respectively, and for the three and nine month period ended September 30, 2021 were 177,000 and 177,000 respectively.