EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

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 six months ended June 30, 2022 and 2021 is as follows:



	Three Months Ended
	June 30, 2022				June 30, 2021
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	63,625	$	63,625	$	55,276	$	55,276

Average equivalent shares
Shares of common stock	65,475		65,475		65,818		65,818
Effect of dilutive stock-based compensation
Stock options	1,021		—		1,727		—
Restricted stock	404		—		541		—
Total average equivalent shares	66,900		65,475		68,086		65,818
Net income per share	$	0.95	$	0.97	$	0.81	$	0.84


	Six Months Ended
	June 30, 2022				June 30, 2021
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	126,048	$	126,048	$	139,228	$	139,228

Average equivalent shares
Shares of common stock	65,509		65,509		65,525		65,525
Effect of dilutive stock-based compensation
Stock options	1,109		—		1,804		—
Restricted stock	351		—		540		—
Total average equivalent shares	66,969		65,509		67,869		65,525
Net income per share	$	1.88	$	1.92	$	2.05	$	2.12