EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHAREBasic net income per share is calculated by dividing net income attributable to Aptar by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by dividing the net income attributable to Aptar by the weighted-average number of common and common equivalent shares outstanding during the applicable period. The difference between basic and diluted earnings per share is attributable to stock-based compensation awards. Stock-based compensation awards for which total employee proceeds exceed the average market price over the applicable period would have an antidilutive effect on earnings per share, and accordingly, are excluded from the calculation of diluted earnings per share. The reconciliation of basic and diluted earnings per share for the three months ended March 31, 2022 and 2021 is as follows:

	Three Months Ended
	March 31, 2022				March 31, 2021
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	62,423	$	62,423	$	83,952	$	83,952
Average equivalent shares
Shares of common stock	65,543		65,543		65,229		65,229
Effect of dilutive stock-based compensation
Stock options	1,193		—		1,869		—
Restricted stock	410		—		550		—
Total average equivalent shares	67,146		65,543		67,648		65,229
Net income per share	$	0.93	$	0.95	$	1.24	$	1.29