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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2023
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 and six months ended June 30, 2023 and 2022 is as follows:
Three Months Ended
June 30, 2023June 30, 2022
DilutedBasicDilutedBasic
Consolidated operations
Income available to common stockholders$83,072 $83,072 $63,625 $63,625 
Average equivalent shares
Shares of common stock65,568 65,568 65,475 65,475 
Effect of dilutive stock-based compensation
Stock options871 — 1,021 — 
Restricted stock416 — 404 — 
Total average equivalent shares66,855 65,568 66,900 65,475 
Net income per share$1.24 $1.27 $0.95 $0.97 
Six Months Ended
June 30, 2023June 30, 2022
DilutedBasicDilutedBasic
Consolidated operations
Income available to common stockholders$137,836 $137,836 $126,048 $126,048 
Average equivalent shares
Shares of common stock65,470 65,470 65,509 65,509 
Effect of dilutive stock-based compensation
Stock options889 1,109 
Restricted stock389 351 
Total average equivalent shares66,748 65,470 66,969 65,509 
Net income per share$2.07 $2.11 $1.88 $1.92