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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHAREBasic 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, 2021 and 2020 is as follows:
Three Months Ended
September 30, 2021September 30, 2020
DilutedBasicDilutedBasic
Consolidated operations
Income available to common stockholders$47,260 $47,260 $63,716 $63,716 
Average equivalent shares
Shares of common stock65,900 65,900 64,562 64,562 
Effect of dilutive stock-based compensation
Stock options1,464 — 1,809 — 
Restricted stock437 — 551 — 
Total average equivalent shares67,801 65,900 66,922 64,562 
Net income per share$0.70 $0.72 $0.95 $0.99 
Nine Months Ended
September 30, 2021September 30, 2020
DilutedBasicDilutedBasic
Consolidated operations
Income available to common stockholders$186,488 $186,488 $160,808 $160,808 
Average equivalent shares
Shares of common stock65,652 65,652 64,278 64,278 
Effect of dilutive stock-based compensation
Stock options1,688 1,770 
Restricted stock459 435 
Total average equivalent shares67,799 65,652 66,483 64,278 
Net income per share$2.75 $2.84 $2.42 $2.50