Earnings per Share

6 Months Ended

Jun. 30, 2023

Earnings per Share

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


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	308	$	19,343	$	7,381	$	38,534
Basic weighted average shares outstanding	30,866		30,745		30,854		30,729
Dilutive effect of stock options and restricted stock awards	3		11		2		27
Diluted weighted average shares outstanding	30,869		30,756		30,856		30,756
Basic earnings per common share	$	0.01	$	0.63	$	0.24	$	1.25
Diluted earnings per common share	$	0.01	$	0.63	$	0.24	$	1.25

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 period ended June 30, 2023 were 180,000 and for the three and six month period ended June 30, 2022 were 138,000.