EARNINGS PER SHARE

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic earnings per share:
Weighted average shares outstanding	15,868		17,211		15,998		17,402
Net income attributable to DXP Enterprises, Inc.	$	16,693	$	19,054	$	28,025	$	36,634
Convertible preferred stock dividend	22		22		45		45
Net income attributable to common shareholders	$	16,671	$	19,032	$	27,980	$	36,589
Per share amount	$	1.05	$	1.11	$	1.75	$	2.10

Diluted earnings per share:
Weighted average shares outstanding	15,868		17,211		15,998		17,402
Assumed conversion of convertible preferred stock	840		840		840		840
Total dilutive shares	16,708		18,051		16,838		18,242
Net income attributable to common shareholders	$	16,671	$	19,032	$	27,980	$	36,589
Convertible preferred stock dividend	22		22		45		45
Net income attributable to DXP Enterprises, Inc.	$	16,693	$	19,054	$	28,025	$	36,634
Per share amount	$	1.00	$	1.06	$	1.66	$	2.01