EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024		2023
Basic earnings per share:
Weighted average shares outstanding	16,128		17,596
Net income attributable to DXP Enterprises, Inc.	$	11,332	$	17,580
Convertible preferred stock dividend	23		23
Net income attributable to common shareholders	$	11,309	$	17,557
Per share amount	$	0.70	$	1.00

Diluted earnings per share:
Weighted average shares outstanding	16,128		17,596
Assumed conversion of convertible preferred stock	840		840
Total dilutive shares	16,968		18,436
Net income attributable to common shareholders	$	11,309	$	17,557
Convertible preferred stock dividend	23		23
Net income attributable to DXP Enterprises, Inc.	$	11,332	$	17,580
Per share amount	$	0.67	$	0.95