Earnings Per Share

9 Months Ended

Sep. 30, 2021

Basic earnings per share is computed by dividing net income attributable to Werner by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to Werner by the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock awards. Performance awards are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. There are no differences in the numerators of our computations of basic and diluted earnings per share for any periods presented.

The computation of basic and diluted earnings per share is shown below (in thousands, except per share amounts).


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net income attributable to Werner	$	63,761	$	46,332	$	182,285	$	108,522
Weighted average common shares outstanding	67,475		69,097		67,776		69,148
Dilutive effect of stock-based awards	359		352		360		352
Shares used in computing diluted earnings per share	67,834		69,449		68,136		69,500
Basic earnings per share	$	0.94	$	0.67	$	2.69	$	1.57
Diluted earnings per share	$	0.94	$	0.67	$	2.68	$	1.56