Basic and Diluted Net Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

BASIC AND DILUTED NET EARNINGS PER SHARE

NOTE 16:- BASIC AND DILUTED NET EARNINGS PER SHARE

	Year ended December 31,
	2019		2020		2021
Numerator (thousands):
Net income attributed to Sapiens’ shareholders	$	26,247	$	33,775	$	47,171
Denominator (thousands):
Denominator for basic earnings per share - weighted average number of common shares, net of treasury stock		50,031		51,208		54,785
Stock options and RSU		622		951		805
Denominator for diluted net earnings per share - adjusted weighted average number of shares		50,653		52,159		55,590

The weighted average number of shares related to outstanding anti-dilutive options excluded from the calculations of diluted net earnings per share was 0, 200,000 and 804,438 for the years 2019, 2020 and 2021, respectively.