Earnings per Share

9 Months Ended

Sep. 30, 2020

Earnings per Share

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


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	24,682	$	20,509	$	72,880	$	75,070
Basic weighted average shares outstanding	30,525		30,501		30,502		30,517
Dilutive effect of stock options and restricted stock awards	328		132		246		81
Diluted weighted average shares outstanding	30,853		30,633		30,748		30,598
Basic earnings per common share	$	0.81	$	0.67	$	2.39	$	2.46
Diluted earnings per common share	$	0.80	$	0.67	$	2.37	$	2.45

The number of potential 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 for the three and nine months ended September 30, 2020 and 2019 were 181,875 and 181,875, respectively and 145,875 and 145,875, respectively.