Earnings Per Share

6 Months Ended

Jun. 30, 2021

Note 7 - Earnings Per Share

The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three and six months ended June 30, 2021 and 2020, respectively:


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Numerator:
Net income attributable to The Timken Company	$	104.8	$	61.9	$	218.1	$	142.6
Less: undistributed earnings allocated to nonvested stock	—		—		—		—
Net income available to common shareholders for basic and diluted earnings per share	$	104.8	$	61.9	$	218.1	$	142.6
Denominator:
Weighted average number of shares outstanding - basic	76,122,257		75,078,207		75,969,569		75,298,356
Effect of dilutive securities:
Stock options and awards - based on the treasury stock method	1,131,900		620,082		1,288,192		733,693
Weighted average number of shares outstanding assuming dilution of stock options and awards	77,254,157		75,698,289		77,257,761		76,032,049
Basic earnings per share	$	1.38	$	0.82	$	2.87	$	1.89
Diluted earnings per share	$	1.36	$	0.82	$	2.82	$	1.88

The exercise prices for certain stock options that the Company has awarded exceeded the average market price of the Company’s common shares during certain periods presented. Such stock options are antidilutive and were not included in the computation of diluted earnings per share. The antidilutive stock options outstanding during the three months ended June 30, 2021 and 2020 were zero and 1,338,686, respectively. The antidilutive stock options outstanding during the six months ended June 30, 2021 and 2020 were zero and 1,353,254, respectively.