EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

Basic 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 (“EPS”) for the years ended December 31, 2022, 2021 and 2020 are as follows:


	Income (Numerator)		Shares (Denominator)	Per Share Amount
For the Year Ended December 31, 2022
Basic EPS
Income available to common stockholders	$	239,288	65,402	$	3.66
Effect of Dilutive Securities
Stock options			978
Restricted stock			339
Diluted EPS
Income available to common stockholders	$	239,288	66,719	$	3.59
For the Year Ended December 31, 2021
Basic EPS
Income available to common stockholders	$	244,097	65,663	$	3.72
Effect of Dilutive Securities
Stock options			1,600
Restricted stock			419
Diluted EPS
Income available to common stockholders	$	244,097	67,682	$	3.61
For the Year Ended December 31, 2020
Basic EPS
Income available to common stockholders	$	214,040	64,418	$	3.32
Effect of Dilutive Securities
Stock options			1,800
Restricted stock			439
Diluted EPS
Income available to common stockholders	$	214,040	66,657	$	3.21