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Earnings per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings per Share

15. EARNINGS PER SHARE

We compute basic earnings per common share by dividing net income attributable to Core Laboratories N.V. by the weighted average number of common shares outstanding during the period. Diluted earnings per share includes the incremental effect of contingently issuable shares from performance and restricted stock awards, as determined using the treasury stock method. The following table summarizes the calculation of weighted average common shares outstanding used in the computation of basic and diluted earnings per share (in thousands):

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Weighted average common shares outstanding - basic

 

 

46,634

 

 

 

46,298

 

Effect of dilutive securities:

 

 

 

 

 

 

Restricted shares

 

 

105

 

 

 

 

Performance shares

 

 

742

 

 

 

 

Weighted average common shares outstanding - diluted

 

 

47,481

 

 

 

46,298

 

For the three months ended March 31, 2022, the number of outstanding performance and restricted shares of Core Laboratories N.V. common shares that were excluded from the diluted earnings per share calculation, as their impact would be antidilutive, were as follows (in thousands):

 

 

 

 

Three Months Ended

 

 

 

 

 

March 31, 2022

 

Restricted shares

 

 

 

 

146

 

Performance shares

 

 

 

 

818