Earnings per share (Tables)

3 Months Ended

Mar. 31, 2023

The following table reflects the calculation of basic and diluted earnings per share. During each period, certain stock options, as noted below, were excluded from the calculation of diluted earnings per share because their effect would have been antidilutive.


	Quarter Ended March 31,
(in thousands, except per share amounts)	2023		2022
Earnings per share – basic:
Net income	$	2,780	$	9,680
Net income attributable to non-controlling interest	(28)		(36)
Net income attributable to Deluxe	2,752		9,644
Income allocated to participating securities	(10)		(10)
Income attributable to Deluxe available to common shareholders	$	2,742	$	9,634
Weighted-average shares outstanding	43,317		42,803
Earnings per share – basic	$	0.06	$	0.23

Earnings per share – diluted:
Net income	$	2,780	$	9,680
Net income attributable to non-controlling interest	(28)		(36)
Net income attributable to Deluxe	2,752		9,644
Income allocated to participating securities	(10)		(10)
Re-measurement of share-based awards classified as liabilities	(19)		(39)
Income attributable to Deluxe available to common shareholders	$	2,723	$	9,595
Weighted-average shares outstanding	43,317		42,803
Dilutive impact of potential common shares	344		429
Weighted-average shares and potential common shares outstanding	43,661		43,232
Earnings per share – diluted	$	0.06	$	0.22
Antidilutive options excluded from calculation	1,644		2,063