Earnings Per Share

12 Months Ended

Dec. 31, 2022

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:


(in thousands, except market price and earnings per share)	2022		2021		2020
Net income attributable to the Company	$	95,762	$	118,478	$	98,589
Weighted average number of shares:
Weighted average number of shares used in calculating basic net income per share	31,339		32,348		32,329
Effect of dilutive stock-based compensation plans:
Stock options	—		2		7
Long-term incentive plans	116		113		20
Weighted average number of shares used in calculating diluted net income per share	31,455		32,463		32,356
Average market price of common stock used for calculation of dilutive shares	$	87.27	$	82.88	$	58.56
Net income per share:
Basic	$	3.06	$	3.66	$	3.05
Diluted	$	3.04	$	3.65	$	3.05

Shares outstanding, net of treasury shares, were 31.1 million as of December 31, 2022, 32.1 million as of December 31, 2021, and 32.3 million as of December 31, 2020.