EARNINGS PER SHARE DATA

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE DATA

EARNINGS PER SHARE DATA

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Basic:
Weighted average shares outstanding	18,820		18,710		18,712		19,060
Net income attributable to DXP Enterprises, Inc.	$	13,929	$	7,125	$	41,003	$	15,615
Convertible preferred stock dividend	22		23		67		68
Net income attributable to common shareholders	$	13,907	$	7,102	$	40,936	$	15,547
Per share amount	$	0.74	$	0.38	$	2.19	$	0.82
Diluted:
Weighted average shares outstanding	18,820		18,710		18,712		19,060
Assumed conversion of convertible preferred stock	840		840		840		840
Total dilutive shares	19,660		19,550		19,552		19,900
Net income attributable to common shareholders	$	13,907	$	7,102	$	40,936	$	15,547
Convertible preferred stock dividend	22		23		67		68
Net income attributable to DXP Enterprises, Inc.	$	13,929	$	7,125	$	41,003	$	15,615
Per share amount	$	0.71	$	0.36	$	2.10	$	0.78