Earnings Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Note 6 - 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 years ended December 31, 2022, 2021 and 2020: 

	2022		2021		2020
Numerator:
Net income attributable to The Timken Company	$	407.4	$	369.1	$	284.5
Less: undistributed earnings allocated to nonvested stock	—		—		—
Net income available to common shareholders for basic and diluted earnings per share	$	407.4	$	369.1	$	284.5
Denominator:
Weighted average number of shares outstanding - basic	73,602,247		75,885,316		75,324,280
Effect of dilutive securities:
Stock options and awards - based on the treasury stock method	721,592		1,121,273		1,047,086
Weighted average number of shares outstanding, assuming dilution of stock options and awards	74,323,839		77,006,589		76,371,366
Basic earnings per share	$	5.54	$	4.86	$	3.78
Diluted earnings per share	$	5.48	$	4.79	$	3.72

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. The antidilutive stock options outstanding were zero during 2022 and 2021, and 676,627 during 2020.