Earnings Per Share

6 Months Ended

Jun. 30, 2022

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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income attributable to Werner	$	72,290	$	72,032	$	126,039	$	118,524
Weighted average common shares outstanding	64,394		67,926		64,965		67,929
Dilutive effect of stock-based awards	332		290		362		308
Shares used in computing diluted earnings per share	64,726		68,216		65,327		68,237
Basic earnings per share	$	1.12	$	1.06	$	1.94	$	1.74
Diluted earnings per share	$	1.12	$	1.06	$	1.93	$	1.74