| EARNINGS PER SHARE Basic earnings per common stock is computed by dividing income available to common stockholders by the weighted average number of stock of common stock outstanding during the period. Diluted earnings per common stock excludes options to purchase common stock and restricted stock units and awards which were outstanding during the period but were anti-dilutive. The following table shows the computation of basic and diluted earnings per stock (in thousands, except per stock amounts):
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Three Months Ended June 30, |
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2022 |
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2021 |
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| Income (loss): |
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| Net income (loss) attributable to Bristow Group Inc. |
$ |
3,987 |
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$ |
(14,197) |
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| Less: Net income attributable to participating securities |
— |
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$ |
— |
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| Net income (loss) attributable to fully vested common stock |
$ |
3,987 |
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$ |
(14,197) |
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| Shares of common stock: |
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| Weighted average number of common stock outstanding – basic |
28,269 |
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$ |
28,669 |
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| Net effect of dilutive stock |
643 |
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$ |
— |
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Weighted average number of common stock outstanding – diluted(1)
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28,912 |
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$ |
28,669 |
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| Earnings (losses) per common stock - basic |
$ |
0.14 |
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$ |
(0.50) |
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| Earnings (losses) per common stock - diluted |
$ |
0.14 |
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$ |
(0.50) |
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(1)Excludes weighted average common stock of 1,032,816 and 238,599 for the three months ended June 30, 2022 and 2021, respectively, for certain stock awards as the effect of their inclusion would have been antidilutive.
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