LPL Financial Holdings Inc. Just Filed Its Quarterly Report: EARNINGS PER SHAREBa...

EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if dilutive potential shares of common stock had been issued. The calculation of basic and diluted earnings per share for the periods noted was as follows (in thousands, except per share data):
Three Months Ended June 30,Six Months Ended June 30,
 2021202020212020
Net income$119,101 $101,662 $248,721 $257,303 
Basic weighted-average number of shares outstanding80,063 78,940 79,880 79,223 
Dilutive common share equivalents1,665 1,187 1,728 1,436 
Diluted weighted-average number of shares outstanding81,728 80,127 81,608 80,659 
Basic earnings per share$1.49 $1.29 $3.11 $3.25 
Diluted earnings per share$1.46 $1.27 $3.05 $3.19 
The computation of diluted earnings per share excludes stock options, warrants and stock units that are anti-dilutive. For the three months ended June 30, 2020, stock options, warrants and stock units representing common share equivalents of 1,040,297 shares were anti-dilutive. There were no such anti-dilutive shares during the three months ended June 30, 2021. For the six months ended June 30, 2021 and 2020, stock options, warrants and stock units representing common share equivalents of 2,604 shares and 683,813 shares, respectively, were anti-dilutive.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

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