NOTE 17 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. Share-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 (“EPS”) for the years ended December 31, 2018, 2017 and 2016 are as follows:


	Income		Shares	Per Share
	(Numerator)		(Denominator)	Amount
For the Year Ended December 31, 2018
Basic EPS
Income available to common stockholders	$	194,745	62,437	$	3.12
Effect of Dilutive Securities
Stock options			2,440
Restricted stock			81
Diluted EPS
Income available to common stockholders	$	194,745	64,958	$	3.00
For the Year Ended December 31, 2017
Basic EPS
Income available to common stockholders	$	220,030	62,435	$	3.52
Effect of Dilutive Securities
Stock options			2,106
Restricted stock			55
Diluted EPS
Income available to common stockholders	$	220,030	64,596	$	3.41
For the Year Ended December 31, 2016
Basic EPS
Income available to common stockholders	$	205,590	62,804	$	3.27
Effect of Dilutive Securities
Stock options			1,988
Restricted stock			57
Diluted EPS
Income available to common stockholders	$	205,590	64,849	$	3.17