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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic net income per share is calculated by dividing net income attributable to Aptar by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by dividing the net income attributable to Aptar by the weighted-average number of common and common equivalent shares outstanding during the applicable period. The difference between basic and diluted earnings per share is attributable to stock-based compensation awards. Stock-based compensation awards for which total employee proceeds exceed the average market price over the applicable period would have an antidilutive effect on earnings per share, and accordingly, are excluded from the calculation of diluted earnings per share. The reconciliation of basic and diluted earnings per share for the three and nine months ended September 30, 2020 and 2019 is as follows:
Three Months Ended
September 30, 2020September 30, 2019
DilutedBasicDilutedBasic
Consolidated operations
Income available to common stockholders$63,716 $63,716 $56,750 $56,750 
Average equivalent shares
Shares of common stock64,562 64,562 64,010 64,010 
Effect of dilutive stock-based compensation
Stock options1,809 — 2,367 — 
Restricted stock551 — 325 — 
Total average equivalent shares66,922 64,562 66,702 64,010 
Net income per share$0.95 $0.99 $0.85 $0.89 
Nine Months Ended
September 30, 2020September 30, 2019
DilutedBasicDilutedBasic
Consolidated operations
Income available to common stockholders$160,808 $160,808 $193,669 $193,669 
Average equivalent shares
Shares of common stock64,278 64,278 63,485 63,485 
Effect of dilutive stock-based compensation
Stock options1,770 2,425 
Restricted stock435 253 
Total average equivalent shares66,483 64,278 66,163 63,485 
Net income per share$2.42 $2.50 $2.93 $3.05