Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share

Earnings Per Share

Note 9—Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income attributable to Amphenol Corporation by the weighted average number of common shares outstanding. Diluted EPS is computed by dividing net income attributable to Amphenol Corporation by the weighted average number of outstanding common shares, including dilutive common shares, the dilutive effect of which relates to stock options. The following is a reconciliation of the basic weighted average common shares outstanding to diluted weighted average common shares outstanding, which were used to calculate the earnings per share (basic and diluted) for the three and nine months ended September 30, 2022 and 2021 (note that per share amounts may not add due to rounding):

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars and shares in millions, except per share data)	2022		2021		2022		2021
Net income attributable to Amphenol Corporation stockholders:
Net income from continuing operations attributable to Amphenol Corporation	$	496.6	$	418.8	$	1,394.8	$	1,115.5
Income from discontinued operations attributable to Amphenol Corporation, net of income taxes of ($1.5) and ($1.8) for 2021, respectively		—		7.7		—		10.3
Net income attributable to Amphenol Corporation	$	496.6	$	426.5	$	1,394.8	$	1,125.8
Weighted average common shares outstanding — Basic		595.3		597.7		596.6		597.8
Effect of dilutive stock options		24.0		28.1		24.9		26.8
Weighted average common shares outstanding — Diluted		619.3		625.8		621.5		624.6
Net income per common share attributable to Amphenol Corporation — Basic:
Continuing operations	$	0.83	$	0.70	$	2.34	$	1.87
Discontinued operations, net of income taxes		—		0.01		—		0.02
Net income attributable to Amphenol Corporation — Basic	$	0.83	$	0.71	$	2.34	$	1.88
Net income per common share attributable to Amphenol Corporation — Diluted:
Continuing operations	$	0.80	$	0.67	$	2.24	$	1.79
Discontinued operations, net of income taxes		—		0.01		—		0.02
Net income attributable to Amphenol Corporation — Diluted	$	0.80	$	0.68	$	2.24	$	1.80

Excluded from the computations above were anti-dilutive common shares (primarily related to outstanding stock options) of 12.5 million and 7.4 million for the three months ended September 30, 2022 and 2021, respectively. Excluded from the computations above were anti-dilutive common shares (primarily related to outstanding stock options) of 8.9 million and 3.8 million for the nine months ended September 30, 2022 and 2021, respectively.