EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

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 for the three and nine months ended September 30, 2024 and 2023 were as follows:

	Three Months Ended
	September 30, 2024				September 30, 2023
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	100,039	$	100,039	$	84,296	$	84,296
Average equivalent shares
Shares of common stock	66,445		66,445		65,707		65,707
Effect of dilutive stock-based compensation
Stock options	737		—		874		—
Restricted stock	534		—		454		—
Total average equivalent shares	67,716		66,445		67,035		65,707
Net income per share	$	1.48	$	1.51	$	1.26	$	1.28

	Nine Months Ended
	September 30, 2024				September 30, 2023
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	273,597	$	273,597	$	222,132	$	222,132
Average equivalent shares
Shares of common stock	66,274		66,274		65,550		65,550
Effect of dilutive stock-based compensation
Stock options	768		—		886		—
Restricted stock	532		—		429		—
Total average equivalent shares	67,574		66,274		66,865		65,550
Net income per share	$	4.05	$	4.13	$	3.32	$	3.39