| 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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Six Months Ended
September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
| Income (loss): |
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| Net income (loss) attributable to Bristow Group Inc. |
$ |
16,518 |
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$ |
2,775 |
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$ |
20,505 |
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$ |
(11,422) |
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| Shares of common stock: |
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| Weighted average shares of common stock outstanding – basic |
27,958 |
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28,234 |
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28,112 |
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28,845 |
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| Effect of dilutive stock options and restricted stock |
447 |
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451 |
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523 |
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Weighted average shares of common stock outstanding – diluted(1)
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28,405 |
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28,685 |
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28,635 |
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28,845 |
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| Earnings (losses) per common share - basic |
$ |
0.59 |
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$ |
0.10 |
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$ |
0.73 |
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$ |
(0.40) |
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| Earnings (losses) per common share - diluted |
$ |
0.58 |
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$ |
0.10 |
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$ |
0.72 |
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$ |
(0.40) |
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(3)Excludes weighted average shares of common stock of 1,431,071 and 1,143,686 for the three months ended September 30, 2022 and 2021, respectively, and 1,254,609 and 1,656,651 for the six months ended September 30, 2022 and 2021, respectively, for certain stock awards as the effect of their inclusion would have been antidilutive.
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