Earnings Per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income attributable to Werner	$	55,051	$	63,761	$	181,090	$	182,285
Weighted average common shares outstanding	63,386		67,475		64,433		67,776
Dilutive effect of stock-based awards	396		359		386		360
Shares used in computing diluted earnings per share	63,782		67,834		64,819		68,136
Basic earnings per share	$	0.87	$	0.94	$	2.81	$	2.69
Diluted earnings per share	$	0.86	$	0.94	$	2.79	$	2.68