EARNINGS PER SHARE ("EPS")

9 Months Ended

Sep. 30, 2022

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")

8.    EARNINGS PER SHARE (“EPS”)

Basic EPS was computed using the weighted average number of shares of common stock outstanding during the period, considering the effect of participating securities. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of EPS pursuant to the two-class method. Our unvested restricted stock awards contain non-forfeitable dividend rights and participate equally with common stock with respect to dividends issued or declared. Our unexercised stock option awards, unexercised stock-settled stock appreciation rights and unvested performance stock do not contain rights to dividends. Under the two-class method, the earnings used to determine basic EPS are reduced by an amount allocated to participating securities. Use of the two-class method has an immaterial impact on the calculation of basic and diluted EPS.

The following tables summarize the effects of dilutive securities on diluted EPS for the periods shown below (amounts in thousands, except share data):

	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2022		2021		2022		2021
Net income attributable to Royal Gold common stockholders	$	45,792	$	70,176	$	182,609	$	205,879
Weighted-average shares for basic EPS		65,579,834		65,556,608		65,571,737		65,552,586
Effect of other dilutive securities		80,318		71,237		89,460		76,241
Weighted-average shares for diluted EPS		65,660,152		65,627,845		65,661,197		65,628,827
Basic EPS	$	0.70	$	1.07	$	2.78	$	3.14
Diluted EPS	$	0.70	$	1.07	$	2.78	$	3.13