| EARNINGS PER SHARE |
EARNINGS PER SHARE Basic earnings per common share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share 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 share (in thousands, except per share amounts):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
| Income (loss): |
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| Net income attributable to Bristow Group Inc. |
$ |
28,242 |
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$ |
4,317 |
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$ |
63,004 |
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$ |
1,158 |
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| Shares of common stock: |
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| Weighted average shares of common stock outstanding – basic |
28,620 |
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28,217 |
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28,477 |
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28,088 |
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| Net effect of dilutive stock |
1,099 |
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742 |
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998 |
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654 |
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Weighted average shares of common stock outstanding – diluted(1)
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29,719 |
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28,959 |
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29,475 |
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28,742 |
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| Earnings per common share - basic |
$ |
0.99 |
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$ |
0.15 |
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$ |
2.21 |
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$ |
0.04 |
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| Earnings per common share - diluted |
$ |
0.95 |
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$ |
0.15 |
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$ |
2.14 |
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$ |
0.04 |
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(1)Excludes weighted average shares of common stock of 20,000 and 1,181,738 for the three months ended September 30, 2024 and 2023, respectively, and 20,000 and 1,293,579 for the nine months ended September 30, 2024 and 2023, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.
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