EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 15 – 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, 2020 and 2019 is as follows:

	Three Months Ended
	June 30, 2020				June 30, 2019
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	41,839	$	41,839	$	73,915	$	73,915
Average equivalent shares
Shares of common stock		64,262		64,262		63,471		63,471
Effect of dilutive stock-based compensation
Stock options		1,661		—		2,533		—
Restricted stock		461		—		228		—
Total average equivalent shares		66,384		64,262		66,232		63,471
Net income per share	$	0.63	$	0.65	$	1.12	$	1.16

	Six Months Ended
	June 30, 2020				June 30, 2019
	Diluted		Basic		Diluted		Basic
Consolidated operations
Income available to common stockholders	$	97,092	$	97,092	$	136,919	$	136,919
Average equivalent shares
Shares of common stock		64,135		64,135		63,219		63,219
Effect of dilutive stock-based compensation
Stock options		1,734		—		2,411		—
Restricted stock		377		—		212		—
Total average equivalent shares		66,246		64,135		65,842		63,219
Net income per share	$	1.47	$	1.51	$	2.08	$	2.17