Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

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 nine months ended September 30, 2022 and 2021, respectively:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income attributable to The Timken Company	$	87.0	$	88.1	$	310.2	$	306.2
Less: undistributed earnings allocated to nonvested stock	—		—		—		—
Net income available to common shareholders for basic    and diluted earnings per share	$	87.0	$	88.1	$	310.2	$	306.2
Denominator:
Weighted average number of shares outstanding - basic	73,177,956		76,068,582		73,890,483		75,980,355
Effect of dilutive securities:
Stock options and awards - based on the treasury    stock method	688,787		955,391		658,228		1,177,259
Weighted average number of shares outstanding assuming    dilution of stock options and awards	73,866,743		77,023,973		74,548,711		77,157,614
Basic earnings per share	$	1.19	$	1.16	$	4.20	$	4.03
Diluted earnings per share	$	1.18	$	1.14	$	4.16	$	3.97

The dilutive effect of stock options and awards includes all outstanding stock options and awards except stock options that are considered antidilutive. Stock options are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. There were no antidilutive stock options outstanding during the three and nine months ended September 30, 2022 and 2021.