Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Diluted

A reconciliation between basic and diluted earnings per share is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	23,475	$	28,851	$	48,198	$	54,561
Basic weighted average shares outstanding	30,504		30,528		30,490		30,526
Dilutive effect of stock options and restricted stock awards	204		140		206		110
Diluted weighted average shares outstanding	30,708		30,668		30,696		30,636
Basic earnings per common share	$	0.77	$	0.95	$	1.58	$	1.79
Diluted earnings per common share	$	0.76	$	0.94	$	1.57	$	1.78

For the three and six months ended June 30, 2020 and 2019 there were 181,875 and 72,000, respectively, of potentially issuable shares with respect to stock options which could dilute EPS in the future but which were excluded from the diluted EPS calculation because presently their effect is anti-dilutive.