EARNINGS PER SHARE ("EPS")

9 Months Ended

Sep. 30, 2023

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")

6.    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 table summarizes 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,
	2023		2022		2023		2022
Net income attributable to Royal Gold common stockholders	$	49,337	$	45,792	$	176,661	$	182,609
Weighted-average shares for basic EPS		65,619,406		65,579,834		65,606,681		65,571,737
Effect of other dilutive securities		137,670		80,318		136,433		89,460
Weighted-average shares for diluted EPS		65,757,076		65,660,152		65,743,114		65,661,197
Basic EPS	$	0.75	$	0.70	$	2.69	$	2.78
Diluted EPS	$	0.75	$	0.70	$	2.68	$	2.78