Shareholders’ equity and earnings per share (Tables)

12 Months Ended

Dec. 31, 2019

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):


	2019		2018		2017
Numerator:
Net income attributable to Sonoco	$	291,785	$	313,560	$	175,345
Denominator:
Weighted average common shares outstanding	100,742		100,539		100,237
Dilutive effect of stock-based compensation	434		477		615
Diluted outstanding shares	101,176		101,016		100,852
Per common share:
Net income attributable to Sonoco:
Basic	$	2.90	$	3.12	$	1.75
Diluted	$	2.88	$	3.10	$	1.74
Cash dividends	$	1.70	$	1.62	$	1.54

Shares not included in computations of diluted income per share

The average number of shares that were not dilutive and therefore not included in the computation of diluted income per share was as follows for the years ended December 31, 2019, 2018 and 2017 (in thousands):


	2019	2018	2017
Anti-dilutive stock appreciation rights	475	786	487