EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

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 six months ended June 30, 2024 and 2023 were as follows:

	Three Months Ended
	June 30, 2024				June 30, 2023
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	90,454	$	90,454	$	83,072	$	83,072
Average equivalent shares
Shares of common stock	66,312		66,312		65,568		65,568
Effect of dilutive stock-based compensation
Stock options	774		—		871		—
Restricted stock	489		—		416		—
Total average equivalent shares	67,575		66,312		66,855		65,568
Net income per share	$	1.34	$	1.36	$	1.24	$	1.27

	Six Months Ended
	June 30, 2024				June 30, 2023
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	173,558	$	173,558	$	137,836	$	137,836
Average equivalent shares
Shares of common stock	66,188		66,188		65,470		65,470
Effect of dilutive stock-based compensation
Stock options	783		—		889		—
Restricted stock	538		—		389		—
Total average equivalent shares	67,509		66,188		66,748		65,470
Net income per share	$	2.57	$	2.62	$	2.07	$	2.11