Earnings per Share

9 Months Ended

Sep. 30, 2023

Earnings per Share

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


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
	(In thousands, except per share data)
Net income attributable to Ebix, Inc.	$	(10,296)	$	18,250	$	(2,915)	$	56,784
Basic weighted average shares outstanding	30,866		30,777		30,854		30,745
Dilutive effect of stock options and restricted stock awards	11		6		7		3
Diluted weighted average shares outstanding	30,877		30,783		30,861		30,748
Basic earnings per common share	$	(0.33)	$	0.59	$	(0.09)	$	1.85
Diluted earnings per common share	$	(0.33)	$	0.59	$	(0.09)	$	1.85

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 period ended September 30, 2023 were 180,000 and for the three and nine month period ended September 30, 2022 were 180,000.