Earnings per Share

9 Months Ended

Sep. 30, 2021

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,
	2021		2020		2021		2020
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	15,451	$	24,682	$	52,763	$	72,880
Basic weighted average shares outstanding	30,646		30,525		30,595		30,502
Dilutive effect of stock options and restricted stock awards	55		328		55		246
Diluted weighted average shares outstanding	30,701		30,853		30,650		30,748
Basic earnings per common share	$	0.50	$	0.81	$	1.72	$	2.39
Diluted earnings per common share	$	0.50	$	0.80	$	1.72	$	2.37

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 month periods ended September 30, 2021 were 177,000 and 177,000, respectively, and for the three and nine month periods ended September 30, 2020 were 181,875 and 181,875, respectively.