Earnings per Share

6 Months Ended

Jun. 30, 2022

Earnings per Share

A reconciliation between basic and diluted earnings per share ("EPS") is as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	19,343	$	15,721	$	38,534	$	37,312
Basic weighted average shares outstanding	30,745		30,581		30,729		30,570
Dilutive effect of stock options and restricted stock awards	11		132		27		142
Diluted weighted average shares outstanding	30,756		30,713		30,756		30,712
Basic earnings per common share	$	0.63	$	0.51	$	1.25	$	1.22
Diluted earnings per common share	$	0.63	$	0.51	$	1.25	$	1.21

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 six month period ended June 30, 2022 were 138,000 and 138,000, respectively, and for the three and six month period ended June 30, 2021 were 177,000 and 177,000 respectively.